IBEW Local Union 130 - Wage and Welfare — required surety bond in Louisiana. Apply online in minutes.
The IBEW Local Union 130 Wage and Welfare Bond is a commercial surety bond that guarantees signatory contractors fulfill their financial obligations to union members. It serves as a financial guarantee that covered electrical workers will receive their proper wages, fringe benefits, and union dues on time.
Electrical contractors and employers operating in Louisiana who have signed a collective bargaining agreement with the International Brotherhood of Electrical Workers (IBEW) Local 130 typically need this bond. It is generally required before an employer can hire local union members for their projects.
The union requires this bond to protect its members from financial hardship if a contractor defaults on payroll or benefit contributions. By mandating this surety bond, the union ensures a reliable financial safety net is in place to cover unpaid compensation and welfare fund payments.
Click the Apply Now button to complete a secure online application in approximately 5 minutes. If you need assistance, contact Noah Insurance Agency nationwide at 814-718-0060. Once your application is processed and payment is made, your bond is delivered directly to you via email.
Premiums vary based on the total bond amount required by the union and the applicant's financial credentials. To get an exact price, please apply online for a quote from Noah Insurance Agency.
Bond amounts vary and are determined directly by IBEW Local Union 130, often based on your estimated payroll and the terms of your collective bargaining agreement. You must verify your specific required amount with the union before purchasing your bond.
Yes, union bonds typically require periodic renewal for as long as you employ union members and remain signatory to the collective bargaining agreement. You should verify exact renewal timelines with the union.
After Noah Insurance Agency emails your issued bond, you will generally need to print it, sign it as the principal, and file the original document directly with IBEW Local 130 based on their submission guidelines.
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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