Iron Workers Local 1 wage bonds.
$10,000 flat.
A structural, ornamental, or reinforcing ironwork contractor signatory to the International Association of Bridge, Structural, Ornamental & Reinforcing Iron Workers Local No. 1 collective bargaining agreement files a $250,000 bond guaranteeing wage and fringe-benefit obligations to the Chicago-area local — ours is $10,000 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.
Trusted by industry leaders
Three steps. One sitting.
Union wage bonds follow a short, standard process even at this bond amount. Here's the entire thing:
Apply online
Business details and an effective date. That's the application — no financials, no lengthy underwriting file.
Pay & e-sign
Bonds like this are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.
File with Local 1
Your executed bond and power of attorney arrive by email, ready to send to the Local 1 union office as proof of coverage. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
The International Association of Bridge, Structural, Ornamental & Reinforcing Iron Workers, Local No. 1 — covering structural steel, ornamental, and reinforcing ironwork in the Chicago area — requires signatory contractors to post a bond backing their obligation to pay agreed union wages and fringe-benefit fund contributions under the Local's collective bargaining agreement (CBA). Reflecting the larger payrolls typical of structural steel work, the bond amount is set at $250,000.
It's a three-party arrangement: you (the principal), the surety carrier, and Iron Workers Local 1 or its jointly-administered benefit funds (the obligee), protecting the union ironworkers whose pay and benefits depend on the CBA being honored. If a signatory contractor falls delinquent on wages or fund contributions, 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 $250,000 filing continuous.
You need this bond if you're
One application, issued instantly.
These are the actual issuing fields — a short credit consent, business details, and an effective date.
Start the application →Common questions.
Other Illinois bonds.
Stay in good standing with Local 1.
$10,000 flat, soft pull only, bond often issued in the same sitting. Free until issued.