IBEW Local No. 269 - Wages and Fringe Benefits — required surety bond in New Jersey. Apply online in minutes.
The IBEW Local No. 269 Wages and Fringe Benefits bond is a financial guarantee required for signatory employers hiring union members. It ensures that employers pay all required wages, dues, and fringe benefit contributions to the union and its members on time as outlined in the collective bargaining agreement.
Electrical contractors and employers operating in New Jersey who enter into a collective bargaining agreement with IBEW Local No. 269 typically need this bond. It is generally required before employing union electricians for a project.
IBEW Local No. 269 requires this bond to protect union workers and the union's benefit funds from financial loss. If an employer defaults or fails to pay wages and make the required benefit contributions, the bond provides a mechanism for the union to recover those missing funds.
To start the process, click Apply Now to complete our secure, five-minute online application. Once approved, your bond will be issued and delivered directly to you by email. For assistance, contact Noah Insurance Agency at 814-718-0060.
The premium for this bond varies based on the required bond amount and the financial credentials of the applicant. Please apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary depending on the terms of your specific collective bargaining agreement and the number of union employees on your payroll. You must verify the exact required amount directly with the union.
Yes, options are often available for employers with less-than-perfect credit. Noah Insurance Agency works with a diverse network of sureties to find coverage solutions for most credit profiles.
The bond term varies based on the union's specific requirements and your contract. Generally, you must maintain an active bond for as long as you are a signatory contractor employing IBEW Local No. 269 members.
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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