IBEW Local No. 212 - Fringe Benefits — required surety bond in Ohio. Apply online in minutes.
The IBEW Local No. 212 Fringe Benefits Bond is a type of union wage and welfare surety bond. It guarantees that signatory employers make all required fringe benefit contributions to the International Brotherhood of Electrical Workers Local No. 212 on behalf of their unionized employees.
Electrical contractors operating in Ohio who employ members of IBEW Local No. 212 generally need this bond. It is typically required for employers who have entered into a collective bargaining agreement with the local union.
The union requires this bond to safeguard members' benefit funds, such as pensions, health insurance, and training programs. It ensures financial recourse is available if an employer defaults on their contractual benefit contributions. Because requirements vary based on the bargaining agreement, employers must verify specific obligations directly with the union.
Simply click Apply Now to access our secure online application, which takes about 5 minutes to complete. Once approved and finalized, your bond will be delivered directly to your email. For any questions, call Noah Insurance Agency nationwide at 814-718-0060.
Premiums vary based on the applicant's credit history and the specific bond amount required. Please apply online with Noah Insurance Agency to receive an exact quote based on your unique profile.
The required bond amount is determined by IBEW Local No. 212, often calculated based on the number of union workers you employ or your estimated monthly contributions. You must verify the exact figure with the union before obtaining the bond.
If payments are missed, the union can file a claim against the bond to recover the owed funds. If the surety company pays out a valid claim, the contractor is financially responsible for reimbursing the surety in full.
Approval times vary depending on the bond amount and the applicant's financial background. Complete our secure online application to receive a prompt response and precise terms for your business.
Send us a note or call 814-718-0060 — a licensed agent will confirm the bond amount and requirements for you.
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