IBEW Local No. 60 - Wage and Welfare ($10,000) — required surety bond in Texas. Apply online in minutes.
The IBEW Local No. 60 Wage and Welfare Bond is a financial guarantee for employers hiring union electrical workers in Texas. It guarantees that the employer will pay all required union wages, fringe benefits, and dues on time. This bond protects the union members by ensuring the financial terms of the collective bargaining agreement are met.
Electrical contractors and business owners who hire members of the International Brotherhood of Electrical Workers (IBEW) Local No. 60 typically need this bond. It is specifically required for employers who have entered into a collective bargaining agreement with this local union.
The union requires this bond to protect its members from employers who might fail to pay wages or contribute to welfare and pension funds. It provides a reliable source of compensation if the employer defaults on their financial obligations. Requirements vary, so employers should always verify specific obligations with the union.
Simply click Apply Now to start our secure online application, which takes about 5 minutes to complete. Once processed, your official bond will be delivered conveniently by email. For nationwide assistance, call Noah Insurance Agency at 814-718-0060.
Premiums vary depending on the applicant's credit history and business financials. Please apply online with Noah Insurance Agency for an exact quote.
Required bond amounts vary based on your specific union agreement. You must verify the exact required figure with the union or issuing agency before applying.
Approval and processing times vary depending on your specific application details. Complete our secure online application to start the process and receive your finalized bond by email.
Not necessarily, as options are often available for applicants with varying credit profiles. Apply online to see what terms and rates you qualify for.
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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