An electrical contractor signatory to the IBEW Local 196 collective bargaining agreement, covering the outside-line jurisdiction based in Batavia, files a $50,000 bond guaranteeing wage payments and union dues checkoff — ours is $1,025 flat, and the price you see is the checkout price. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.
















Union wage bonds follow a short, standard process. Here's the entire thing:
Business details and an effective date. That's the application — no financials, no lengthy underwriting file.
Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
Your executed bond and power of attorney arrive by email, ready to send to the Local 196 union office as proof of coverage. Wet-ink original mailed on request.
IBEW Local 196 — headquartered in Batavia and covering outside-line electrical work across a swath of northern Illinois counties — requires signatory contractors to post a bond backing their obligation to pay agreed union wages and to remit union dues withheld from members' pay (dues checkoff) under the Local's collective bargaining agreement (CBA). The bond amount is set at $50,000.
It's a three-party arrangement: you (the principal), the surety carrier, and Local 196 (the obligee), protecting the union linemen and technicians whose wages and withheld dues depend on the CBA being honored. If a signatory contractor falls behind on either obligation, the Local can make a claim against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. The bond must stay in force for as long as you remain a signatory employer, so we track it and notify you 60 and 30 days out to keep your $50,000 filing continuous.
These are the actual issuing fields — a short credit consent, business details, and an effective date.
Start the application →$1,025 flat, soft pull only, bond often issued in the same sitting. Free until issued.