Int'l Assoc. of Bridge, Structural, Ornamental & Reinforcing Iron Workers Local No. 1 - $250,000 — required surety bond in Illinois. Apply online in minutes.
The Int'l Assoc. of Bridge, Structural, Ornamental & Reinforcing Iron Workers Local No. 1 bond is a type of union bond. It guarantees that employers will make timely and complete payments for employee wages, fringe benefits, union dues, and other contributions as outlined in their collective bargaining agreement.
Contractors and employers in Illinois who hire union ironworkers from Local No. 1 typically need to secure this bond. It is generally required for signatory contractors entering into a collective bargaining agreement with the union.
The union requires this bond to protect its members and trust funds from financial harm. It acts as a financial guarantee that if an employer defaults on payroll or fails to remit required benefit contributions, funds are available to compensate the workers.
Securing your bond is quick and simple. Click Apply Now to complete our secure, approximately 5-minute online application. Once processed and approved, your bond will be delivered directly by email.
Premiums vary based on the applicant's credit history, financial standing, and the total bond amount required. Please apply online with Noah Insurance Agency to get an exact quote.
Approval times vary depending on the details of your application and financial profile. Submit our quick online application to start the process and receive your specific details.
Bond amount requirements vary depending on your specific contract and estimated payroll. Always verify the exact figures and requirements directly with Local No. 1 before securing your bond.
Union bonds typically need to be renewed periodically to remain active. Our team at Noah Insurance Agency (814-718-0060) will reach out before your term expires, but you should verify your specific renewal timeline with the union.
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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