Illinois IBEW 134 wage bonds.
$4,000 flat.
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.
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How much does an Illinois IBEW 134 wage bond cost?
$4,000 at the $100,000 amount, the same for every applicant.
One application. One review.
This bond runs through carrier underwriting, but the process is still short:
Apply online
Business details, crew count, and a short set of commercial questions the carrier uses to underwrite the risk.
Underwriting review
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.
Pay & file with Local 134
Your executed bond and power of attorney arrive by email, ready to file with the union. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
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.
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 $100,000 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
Pay & file with Local 134. Your executed bond and power of attorney arrive by email, ready to file with the union. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $4,000 at the $100,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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, underwritten fast.
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 →Common questions.
Other Illinois bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Stay signatory with Local 134.
$4,000 flat once underwriting clears, soft-pull only, typically 1–2 business days. Free until issued.