Illinois insulators wage bonds.
From $100.
A contractor who signs the International Association of Heat and Frost Insulators and Allied Workers, Local 17 collective bargaining agreement must post a wage-and-fringe-benefit bond securing members' wages and fund contributions. The local sets the amount; the premium is 4% of the bond amount, $100 minimum.
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How much does an Illinois insulators wage bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No lengthy underwriting queue for a fringe-benefit bond of this size — enter your amount, consent to a soft pull, and file with the local. 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.
Approved
The soft pull informs approval and never affects your score; pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with Local 17
Your executed bond and power of attorney arrive by email, ready to file with Heat and Frost Insulators Local 17. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage-and-fringe-benefit bond actually guarantees
The International Association of Heat and Frost Insulators and Allied Workers, Local 17 represents mechanical insulators across its Illinois jurisdiction and negotiates collective bargaining agreements covering wages, health and welfare, pension, and training-fund contributions. Many of those agreements condition a contractor's signatory status on posting a wage-and-fringe-benefit bond that backs the wages and fund contributions owed to Local 17 members.
It is a three-party arrangement: you (the principal, a signatory contractor), the surety carrier, and Local 17 or its affiliated trust funds (the obligee), protecting Local 17's members and benefit funds. If a signatory contractor fails to pay the wages or fund contributions the agreement requires, Local 17 or the funds can make a claim against the bond up to its face amount.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private contractual requirement under your CBA, not a state statute, so the exact bond figure comes from your agreement with Local 17, not a fixed dollar amount in Illinois law.
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 17. Your executed bond and power of attorney arrive by email, ready to file with Heat and Frost Insulators Local 17. 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, issued instantly.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price is set at application.
Start the application →Common questions.
Other Illinois bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Get your signatory bond filed today.
4% of the bond amount, $100 minimum, priced at the application. Soft pull only. Free until issued.