IBEW Local 613 fringe benefits bonds.
From $100.
A signatory electrical contractor under IBEW Local No. 613's Atlanta-area labor agreement posts a fringe benefits bond guaranteeing its contributions to the union's pension, health, and other benefit funds. Local 613 and its benefit funds set the required amount. Premiums cost 4% of the bond amount, $100 minimum.
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How much does an IBEW Local 613 fringe benefits 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 the standard fringe benefits bond — enter your amount, consent to a soft pull, and submit. Here is the whole thing:
Apply online
Your company details, years in business, the bond amount your signatory agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most fringe benefits bonds clear quickly; the soft credit pull informs approval and never affects your score — pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
Submit to Local 613
Your executed bond arrives by email, ready to submit to IBEW Local 613 or its benefit funds administrator. Wet-ink originals mailed on request.
What it is and who needs it.
What the fringe benefits bond actually guarantees
IBEW Local No. 613, headquartered in Atlanta and serving electrical workers across dozens of Georgia counties, negotiates collective bargaining agreements that require signatory contractors to contribute to pension, health, and other fringe-benefit funds on behalf of their union employees. A fringe benefits bond backs that contractual promise.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local 613 or its designated benefit funds (the obligee), with union members as the protected parties. If a signatory contractor fails to make its required fringe-benefit contributions, the union or fund can claim against the bond; if the surety pays, the contractor repays the surety.
This is a private, contractual requirement of the collective bargaining agreement — not a Georgia statute. The bond amount is set by the terms of your signatory agreement with Local 613 or its benefit funds administrator, not a fixed state figure. Enter the amount your agreement specifies; we price the bond from a $100 minimum after a soft credit pull that never affects your score.
You need this bond if you are
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
Submit to Local 613. Your executed bond arrives by email, ready to submit to IBEW Local 613 or its benefit funds administrator. Wet-ink originals 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 bond amount your signatory agreement requires. The credit consent authorizes a soft pull only — never a hard inquiry, and it never affects your score.
Start the application →Common questions.
Other Georgia bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
4% of the bond amount, $100 minimum. Soft pull only. Apply and submit to Local 613 the same day.