IBEW Local No. 56 - Wages and Fringe Benefits — required surety bond in Pennsylvania. Apply online in minutes.
The IBEW Local No. 56 Wages and Fringe Benefits bond is a commercial surety bond that guarantees a signatory contractor will pay proper union dues, wages, and benefit contributions. It acts as a financial guarantee protecting the union and its members if an employer defaults on their financial obligations under a collective bargaining agreement.
Contractors and employers in Pennsylvania who hire members of the International Brotherhood of Electrical Workers (IBEW) Local No. 56 typically need this bond. It is generally required for businesses that have signed a collective bargaining agreement with this specific local union chapter.
The union requires this bond to safeguard the livelihood and benefits of its electrical worker members. It ensures that even if an employer faces financial difficulties, there are secured funds available to cover unpaid wages, pension contributions, health insurance premiums, and other negotiated fringe benefits.
Getting started is easy—simply click Apply Now to access our secure online application. The process takes about five minutes to complete, and once approved and finalized, your bond will be delivered directly to you by email.
Bond premiums vary based on the applicant's credit history, business financials, and the total bond amount required. Please apply online with Noah Insurance Agency for an exact quote.
Bond amounts vary widely depending on the number of union members you employ and the specific terms of your collective bargaining agreement. You must verify the exact bond amount required directly with IBEW Local No. 56 before applying.
Yes, applicants with less-than-perfect credit can often still secure a bond, though your premium rates may vary. Contact Noah Insurance Agency at 814-718-0060 or apply online to see your specific options.
The obligee is the party requiring the bond, which in this case is the International Brotherhood of Electrical Workers (IBEW) Local Union No. 56.
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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