An electrical contractor employing IBEW Local No. 134 members in the Chicago area posts a wage-and-benefit bond sized to crew count — $100,000 for employers of 6 to 10 union employees. Ours is $4,000 flat — the price you see is the checkout price — with underwriting review, not just a form fill.
















This bond runs through carrier underwriting, but the process is still short:
Business details, crew count, and a short set of commercial questions the carrier uses to underwrite the risk.
Our carrier reviews the application. Most employers with a clean history clear quickly; the bond is not held up by a formal financial statement request.
Your executed bond and power of attorney arrive by email, ready to file with the union. Wet-ink original mailed on request.
IBEW Local No. 134, the electrical workers' union based in Chicago, requires signatory employers to post a wage bond as a condition of their collective bargaining agreement. The bond guarantees payment of wages and fringe-benefit fund contributions — pension, health and welfare, and working dues — owed to Local 134 members the employer engages.
It's a three-party arrangement: you (the principal, the signatory employer), the surety carrier, and IBEW Local No. 134 (the obligee), with the union's members as the protected parties. If a bonded employer fails to pay wages or fund contributions the agreement requires, Local 134 can make a claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is Local 134's bond tier for employers with 6 to 10 union employees; the bond amount scales with crew size under the union's schedule, and we can quote the tier above or below if your headcount changes.
These are the actual issuing fields, including the commercial questions and soft-pull credit consent our carrier uses to underwrite this bond.
Start the application →$4,000 flat once underwriting clears, soft-pull only, typically 1–2 business days. Free until issued.