This bond is not required by an Illinois statute — it is a condition of the collective bargaining agreement between IBEW Local Union No. 150 and its signatory electrical contractors. Local 150's benefit funds office sets and administers the $50,000 combined wage-and-fringe bond requirement and can confirm whether your specific inside or outside agreement calls for a different amount.

What the bond actually guarantees

You need this bond if you're

Wage and fringe bonds like this usually clear fast — many issue right after purchase, and at most within 1–2 business days. Your e-signed bond will arrive by email, ready to file.

IBEW Local 150 Wage and Fringe Benefit Bond: $2,000 flat, required by the Local's CBA for the combined $50,000 bond. Issued instantly.

IBEW Local No. 150 Wage and Fringe Benefit Bond ($50,000)

IBEW Local No. 150 - Wage and Fringe Benefit ($50,000)

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.