IL IBEW 34 wage bonds.
4% of the bond amount.

A contractor who signs the International Brotherhood of Electrical Workers, Local 34 collective bargaining agreement — based in Bartonville and serving Peoria and 17 counties of west-central Illinois — must post a wage, fringe-benefit and payroll-deduction bond securing the wages, benefit-fund contributions, and dues checkoffs owed to Local 34 members. The local sets the bond amount under your agreement; the premium is 4% of the bond amount, $100 minimum, after a soft credit pull that never affects your score.

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Required for contractors signatory to the IBEW Local 34 collective bargaining agreement to employ Local 34 electricians

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Secures wages, fringe-benefit fund contributions, and payroll-deducted dues owed under the agreement

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4% of the bond amount, $100 minimum — exact price at the application

4% rate$100 minimumExactprice at the applicationSoft pull onlynever a hard inquiry

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How it works

Apply to filed in 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:

TODAY · ONLINE

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.

USUALLY MINUTES

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.

SAME DAY

File with Local 34

Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 34. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the wage, fringe-benefit and payroll-deduction bond actually guarantees

IBEW Local 34, headquartered in Bartonville with offices in Quincy and Galesburg, represents electricians and communication technicians across 17 counties of west-central Illinois. Its collective bargaining agreements cover wages, health & welfare and pension contributions, and dues checked off from payroll — and many condition a contractor's signatory status on posting a wage, fringe-benefit and payroll-deduction bond that backs those obligations.

It is a three-party arrangement: you (the principal, a signatory contractor), the surety carrier, and Local 34 or its affiliated trust funds (the obligee), protecting Local 34's members and benefit funds. If a signatory contractor fails to pay the wages, fund contributions, or deducted dues the agreement requires, Local 34 or its 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 34, not a fixed dollar amount in Illinois law.

IBEW Local 34 collective bargaining agreement — not an Illinois statuteThe requirement to post a wage, fringe-benefit and payroll-deduction bond comes from the collective bargaining agreement between a signatory employer and IBEW Local 34, not from an Illinois statute. The bond amount is set under that agreement — confirm the figure with Local 34's office or your business agent before applying.

You need this bond if you're

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A contractor becoming signatory to the IBEW Local 34 collective bargaining agreement

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Renewing your signatory status with Local 34 and your current bond is expiring

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Bidding electrical work in Local 34's west-central Illinois jurisdiction that requires its members

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Reinstating signatory status after a lapse in your bond

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 →

FAQ

Common questions.

How much is the IBEW Local 34 bond?The premium is 4% of the bond amount, $100 minimum. The bond amount itself is set under your collective bargaining agreement with Local 34 — your exact price appears at the application, before you pay.

Do I pay the full bond amount?No. The bond amount is the surety's maximum liability if Local 34 or its trust funds make a valid claim — not a deposit. You pay 4% of that amount, $100 minimum, at checkout.

What does the bond guarantee?That you, as a signatory contractor, pay the wages, fringe-benefit fund contributions, and payroll-deducted dues your collective bargaining agreement requires for Local 34 electricians on the job. It protects the local's members and its trust funds, not you.

Is there a credit check?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.

What amount should I enter?The bond amount your collective bargaining agreement or Local 34's office requires. If you're unsure, confirm with your business agent or Local 34 before applying — we issue the bond to match whatever figure they set.

Related bonds

Other Illinois bonds.

Get your signatory bond filed today.

4% of the bond amount, $100 minimum, priced at the application. Soft pull only. Free until issued.

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Your premiumfrom $100

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