IBEW Local No. 6 (EISB) - Fringe Benefits — required surety bond in California. Apply online in minutes.
This surety bond is a financial guarantee used in conjunction with a collective bargaining agreement for the International Brotherhood of Electrical Workers (IBEW) Local No. 6. It guarantees that electrical contractors will make timely and accurate contributions to the union's fringe benefit funds, such as health, welfare, and pension plans. If the employer defaults on these payments, the bond compensates the related trust funds for the unpaid benefits.
Electrical contractors operating in California who hire union workers affiliated with IBEW Local No. 6 typically need this bond. It applies to signatory employers who have entered into a collective bargaining agreement with the union. Because specific requirements vary, employers should verify their exact bonding obligations directly with the union or the trust fund administration.
The union and its associated trust funds require this bond to protect their members' financial interests, healthcare coverage, and retirement security. It provides the obligee with a guaranteed source of funds if an employer goes out of business or fails to remit the required benefit contributions. This ensures that union members receive their earned benefits regardless of the employer's financial situation.
To secure your IBEW Local No. 6 fringe benefits bond, simply click the Apply Now button to get started. Our secure online application takes about five minutes to complete. Once processed by Noah Insurance Agency, your bond will be delivered directly to you via email.
Premiums vary based on the required bond amount and the applicant's financial and credit profile. Please apply online with Noah Insurance Agency or call 814-718-0060 for your exact quote.
Bond amounts vary depending on the collective bargaining agreement and your projected union payroll. You must verify the exact figure you need directly with the IBEW Local No. 6 or the administering trust fund before applying.
The obligee is typically the specific trust fund or administrative body, such as the Electrical Industry Service Bureau (EISB) or IBEW Local No. 6, that manages the fringe benefits for the union members.
Approval times vary based on the application details and individual underwriting requirements. We recommend completing our secure online application to receive a prompt response and status update from our team.
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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