IBEW Local No. 252 - Wage and Fringe Benefits for Residential Wiremen — required surety bond in Michigan. Apply online in minutes.
The IBEW Local No. 252 Wage and Fringe Benefits bond is a union surety bond that guarantees contractors will pay the correct wages and benefits to their unionized residential wiremen. It protects members of the International Brotherhood of Electrical Workers (IBEW) Local 252 in Michigan from a contractor's financial default. If the employer fails to make the required wage or benefit contributions, the bond provides financial compensation to the union and affected workers.
Electrical contractors operating in Michigan who hire residential wiremen belonging to IBEW Local No. 252 typically need this bond. The union usually mandates this bond as part of a collective bargaining agreement before allowing its members to work for the contractor. You must verify specific union requirements before applying.
IBEW Local 252 generally requires this bond to safeguard the livelihood and negotiated benefits of its members. It serves as a financial safety net ensuring that wages, union dues, health contributions, and retirement funds are paid in full and on time. Because collective bargaining agreements vary, contractors should always verify exact bonding rules directly with the union.
To get started, simply click Apply Now to access our secure online application, which takes about five minutes to complete. The team at Noah Insurance Agency will review your information and provide a tailored quote. Once accepted and processed, your bond will be conveniently delivered to you by email.
The premium varies depending on the applicant's credit history, financial standing, and the total bond amount required by the union. To get an exact price for your specific situation, please apply online with Noah Insurance Agency.
IBEW Local No. 252 sets the required bond amount, often based on the contractor's payroll size and the terms of the collective bargaining agreement. You must contact the union directly to verify your exact required bond amount before submitting an application.
If an employer defaults on wage or benefit payments, the union can file a claim against the bond to recover the owed funds. The surety company will pay valid claims, but the contractor is then legally obligated to reimburse the surety for every dollar paid out.
Yes, Noah Insurance Agency is licensed nationwide and can assist contractors with wage and welfare bonds across the country. You can reach our team directly at 814-718-0060 to discuss your specific union bonding needs.
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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