IBEW Local No. 613 - Fringe Benefits — required surety bond in Georgia. Apply online in minutes.
The IBEW Local No. 613 Fringe Benefits bond is a type of union wage and welfare surety bond. It guarantees that electrical contractors will pay the required fringe benefits to the International Brotherhood of Electrical Workers (IBEW) Local 613 on behalf of their employees. This coverage helps ensure that union members receive their contracted pension, health, and welfare contributions without interruption.
Electrical contractors operating in Georgia who hire members of the IBEW Local 613 typically need to secure this bond. If your business has entered into a collective bargaining agreement with this specific local union, you will likely be required to maintain this active coverage.
The union and its associated trust funds require this bond to protect the financial interests of their members. It serves as a strict financial guarantee that the contractor will remit all agreed-upon benefit contributions on time. If a contractor defaults on these payments, the bond provides a reliable mechanism for the union to recover the unpaid funds.
To get started, click the Apply Now button to complete a secure, approximately 5-minute online application. Our team at Noah Insurance Agency will process your request and provide a personalized quote. Once your premium is paid, your official bond documents will be delivered directly to you by email.
Premiums vary based on the required bond amount and the applicant's credit history. To get an exact figure, please complete our online application or contact Noah Insurance Agency at 814-718-0060.
The required bond amount is dictated by the IBEW Local 613 or its managing trust funds based on your estimated payroll and union agreements. You should always verify your exact requirement directly with the union before purchasing.
Yes, Noah Insurance Agency is licensed nationwide and works with multiple surety carriers to find solutions for contractors with various credit profiles. Requirements and premiums will vary based on your individual financial standing.
Approval times vary depending on the underwriting criteria and application completeness. Applying online through our secure portal is the most efficient way to get your quote and receive your bond documents.
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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