IL Iron Workers Local 1 wage & welfare bonds.
$5,000 flat.
A contractor who signs a collective bargaining agreement with International Association of Bridge, Structural, Ornamental & Reinforcing Iron Workers, Local Union No. 1 — the Chicago-area local for structural and reinforcing ironwork — can be required to post a wage and welfare bond securing the wages and fringe-fund contributions the agreement obligates the contractor to pay. This tier is filed at a fixed $125,000 bond amount, and the premium is $5,000 flat — the price you see is the checkout price.
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Apply to filed in one sitting.
No long underwriting queue for a standard wage & welfare bond — apply, consent to a soft pull, and file with Local 1. Here is the whole thing:
Apply online
Your company details and the effective date — plus a one-time consent to a soft credit pull. No financials, no follow-up scavenger hunt.
Pay & e-sign
Bonds at this tier clear quickly for most applicants; the soft pull never affects your score. At most, 1–2 business days.
File with Local 1
Your executed bond and power of attorney arrive by email, ready to file with the union or its trust fund office so your CBA obligations are on record.
What it is and who needs it.
What the wage & welfare bond actually guarantees
International Association of Bridge, Structural, Ornamental & Reinforcing Iron Workers, Local Union No. 1 represents structural and reinforcing ironworkers in the Chicago area, with its local office in Forest Park, Illinois. A contractor who signs the collective bargaining agreement with Local 1 agrees to pay covered wages and to make contributions to the union's health & welfare, pension, and related trust funds on behalf of the ironworkers it employs.
The wage & welfare bond is Local 1's financial backstop for that promise. Unlike insurance, which protects the contractor, this bond protects union members — if a signatory contractor fails to remit wages or fringe contributions the CBA requires, the union or trust fund can make a claim against the bond up to its penal amount, and the contractor repays the surety for anything paid out.
Local 1 sizes the required bond to the contractor's headcount rather than writing one flat figure for every signatory. This page is the $125,000 tier, filed by contractors with roughly 21–40 covered employees; smaller and larger crews are filed at other tiers Local 1 or its trust fund administrator sets. This is not a government-mandated bond — no Illinois statute requires it. Confirm which tier your agreement calls for with Local 1 or the trust fund office before you apply.
You need this bond if you are
One application, issued instantly.
These are the actual issuing fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — $5,000 flat for this tier — is fixed.
Start the application →Common questions.
Other Illinois bonds.
Signatory status, bonded today.
$5,000 flat for the $125,000 tier, soft pull only. Apply and file with Local 1 the same day. Free until issued.