IBEW Local No. 666 - Fringe Benefits ($5,000) — required surety bond in Virginia. Apply online in minutes.
The IBEW Local No. 666 Fringe Benefits bond is a commercial surety bond that guarantees an employer will make timely contributions to union benefit funds. It provides financial protection to ensure that union members' health, welfare, pension, and training funds are paid as outlined in the collective bargaining agreement.
Contractors and electrical businesses operating in Virginia that employ members of the International Brotherhood of Electrical Workers (IBEW) Local No. 666 generally need this bond. It is required for employers who have entered into a collective bargaining agreement with this specific union chapter.
The union requires this bond to protect its members from financial harm if an employer fails to pay the agreed-upon fringe benefits. It acts as a safety net, guaranteeing that funds are available to cover the owed benefits in the event of an employer's default. Requirements vary, so it is important to verify the exact terms with the union.
Click Apply Now to complete our secure, 5-minute online application. Once your application is processed and approved, your bond will be delivered directly to you by email. If you have any questions, you can contact Noah Insurance Agency at 814-718-0060.
Premiums are not a flat rate and vary based on the required bond size, your business financials, and personal credit history. To find out your exact cost, please submit an online application.
Bond amounts vary and are determined directly by the union, often based on the number of covered union employees or your estimated monthly benefit contributions. You must verify your specific bond requirement with IBEW Local No. 666.
Yes, many employers with less-than-perfect credit can still be approved for a fringe benefits bond, though the premium rate may vary. Apply online with Noah Insurance Agency to review your options.
While exact approval times vary depending on the application details, our online process is designed for speed. Once issued, the bond is delivered instantly via email.
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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