CT IBEW Local 468 wage & welfare bonds.
4% of the bond amount.

A Connecticut electrical contractor signatory to IBEW Local Union No. 468 posts this bond to guarantee the wages and fringe-benefit fund contributions owed to Local 468 members on the jobs it staffs. Local 468 sets the required amount; our premium runs 4% of the bond amount, $100 minimum, with a short application.

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Required of a signatory electrical contractor under the collective bargaining agreement with IBEW Local 468

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Guarantees wages, health, pension, and welfare-fund contributions owed to Local 468 members

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From $100 — enter the amount your agreement or Local 468 requires

4% rate$100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for a standard wage-and-welfare bond — enter your amount, pay, and file with Local 468. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount your agreement requires, and the effective date, plus a one-time consent to a soft credit pull.

INSTANTLY

Issued on the spot

Most wage-and-welfare bonds at this size clear fast — the soft pull informs approval and never affects your score. Larger amounts may get a brief underwriter look.

SAME DAY

File with Local 468

Your executed bond arrives by email, ready to file with IBEW Local Union No. 468 as required by your signatory agreement. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the wage-and-welfare bond guarantees

A signatory contractor who agrees to a collective bargaining agreement with IBEW Local Union No. 468 commits to paying its electricians the negotiated wages and to remitting contributions to Local 468's health, pension, and welfare funds. This bond backs that promise — if a signatory contractor fails to pay wages or make the required fund contributions, Local 468 (or the affected benefit fund) can recover against the bond up to its face amount.

It's a three-party arrangement: you (the principal), the surety carrier, and Local 468 (the obligee), with the union's members and benefit funds as the protected parties. It is not insurance for you — if the surety pays a claim, you repay the surety.

The amount is set by your signatory agreement with Local 468, generally scaled to your typical payroll under the contract — not a fixed statewide figure. Confirm the amount Local 468 requires before applying; we price the bond from a $100 minimum.

IBEW Local Union No. 468 collective bargaining agreementThis bond is required under the collective bargaining agreement between a signatory electrical contractor and IBEW Local Union No. 468 — it is a private contractual requirement of the union and its benefit funds, not a Connecticut statute. Local 468 sets the required amount; confirm the figure with your business agent or the union's benefit-fund administrator before applying.

You need this bond if you're

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A newly signatory electrical contractor entering a collective bargaining agreement with IBEW Local 468

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Renewing your wage-and-welfare bond as required by your ongoing agreement with Local 468

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Bidding a Local 468 jurisdiction job that requires proof of the bond before staffing

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Increasing your bonded amount because your payroll under the agreement has grown

One application, then a quick review.

Submit the application with the amount your Local 468 agreement requires. The application includes a one-time credit consent — it authorizes a soft pull only, never a hard inquiry.

Start the application →

FAQ

Common questions.

What amount should I enter?The bond amount your collective bargaining agreement with IBEW Local 468 specifies. Local 468 or your benefit-fund administrator can confirm the figure if it isn't stated in your agreement.

What does the bond guarantee?It guarantees the wages and health, pension, and welfare-fund contributions you owe Local 468 members under your signatory agreement. If you fail to pay and a valid claim is made, Local 468 or the affected fund can recover against the bond, and you repay the surety.

Where do I file it?With IBEW Local Union No. 468, as required by your collective bargaining agreement. We deliver the executed bond ready to submit to the union's business office or benefit-fund administrator.

Do I pay the full bond amount?No. The bond amount is the union's maximum recovery on a valid claim — not a deposit you hand over. You pay the premium: 4% of that amount, $100 minimum.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Related bonds

Other Connecticut bonds.

Get bonded with Local 468.

4% of the bond amount, $100 minimum. Enter the figure your agreement requires and file the same day. Free until issued.

Start application

Your premiumfrom $100

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