IBEW Local No. 46 - Fringe Benefits ($5,000) — required surety bond in Washington. Apply online in minutes.
A union fringe benefit bond is a financial guarantee ensuring that signatory employers make timely contributions to union benefit funds as outlined in their collective bargaining agreements. For IBEW Local No. 46, this bond protects the health, welfare, and pension funds of its electrical workers. If an employer defaults on these payments, the bond provides a mechanism for the union to recover the owed funds.
Electrical contractors and employers operating in Washington who have signed a collective bargaining agreement with IBEW Local No. 46 typically need this bond. It is required for businesses employing union members to guarantee their benefit contributions.
Unions require this bond to protect their members from employers who might fail to pay required union dues or fringe benefit contributions. It acts as a safety net for the union trust funds, ensuring that workers' benefits are fully funded even if the employing contractor faces financial difficulties.
Click Apply Now to complete a secure, approximately 5-minute online application through Noah Insurance Agency. We will review your submission and provide a customized quote. Once your premium is paid, your bond will be delivered directly to you by email.
Premiums vary based on the applicant's credit history and overall financial standing. To get an exact figure for your business, please submit a quick online application with Noah Insurance Agency or call us at 814-718-0060.
Bond amount requirements vary and are often based on the size of your union workforce or estimated monthly benefit contributions. You must verify the exact bond amount required directly with IBEW Local No. 46 prior to applying.
Yes, approval is still possible. Noah Insurance Agency works with a wide network of surety carriers nationwide to help applicants find coverage, regardless of their credit background.
Filing requirements vary depending on the union's current procedures. You will need to check directly with the IBEW Local No. 46 administrative office to confirm whether they require the original physically signed bond or if an electronic copy is acceptable.
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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