Connecticut IBEW Local 468 wage & welfare bonds.
From $100.
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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How much does a Connecticut IBEW Local 468 wage & welfare bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. 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:
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.
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.
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.
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.
You need this bond if you're
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
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.
What sets the price
The premium is 4% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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 →Common questions.
Other Connecticut bonds.
Price and requirements checked on the carrier’s application, . Page updated .
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.