IBEW Local No. 466 - Wage & Welfare — required surety bond in West Virginia. Apply online in minutes.
The IBEW Local No. 466 Wage & Welfare bond is a type of union surety bond that guarantees an employer will pay all required wages and fringe benefits to union members. It ensures that the contractor honors their financial obligations as outlined in their collective bargaining agreement. If the employer defaults on payments, the bond provides a mechanism for the union to recover those funds.
Electrical contractors and construction businesses employing union workers from IBEW Local No. 466 in West Virginia typically need this bond. The union generally requires it before an employer can officially dispatch local members to a job site.
IBEW Local No. 466 requires this bond to protect its electrical workers from financial harm if an employer fails to issue paychecks or remit contributions to health, pension, and welfare funds. It serves as a financial guarantee that the employer will strictly follow the wage stipulations of their union contract.
Click Apply Now to complete a secure online application in about five minutes, or call Noah Insurance Agency at 814-718-0060 for assistance. Once your application is reviewed and approved, your bond will be delivered directly to you by email.
Premiums vary based on the total bond amount required by the union and the applicant's financial and credit history. To get an exact figure, please apply online for a free quote from Noah Insurance Agency.
Bond amount requirements vary and are typically based on your estimated payroll or the number of union members you employ. You must verify the exact required amount directly with the IBEW Local No. 466 issuing agency.
Yes, applicants with non-standard credit histories can often still obtain a union wage and welfare bond. Apply online to see your specific options and rates based on your current financial profile.
No, this specific bond is strictly for obligations owed to IBEW Local No. 466 in West Virginia. If you hire workers from other union locals, you will likely need to post separate bonds for each specific local agreement.
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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