IL Ironworkers Local 1 officer bonds.
$1,200 flat.

Federal law requires an officer, agent, or employee of Ironworkers Local No. 1 in Chicago who handles the Local's funds to be individually bonded against loss from fraud or dishonesty — this is the $30,000 tier of that bond. Ours is $1,200 flat, and the price you see is the checkout price. The bond issues quickly, with a soft credit pull that never affects your score.

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Required by the Labor-Management Reporting and Disclosure Act, 29 U.S.C. § 502, for covered Local 1 officers and employees

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Fixed price, fixed amount — $30,000 bond, $1,200, no quote process

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Multi-year terms available — set it up once for up to 3 years

A-ratedA.M. Best carriers, Treasury-listedSoft pull onlynever a hard inquiry1–3 yrterms available

Trusted by industry leaders

How it works

Three steps. One sitting.

Filing an LMRDA officer & employee bond is straightforward once you know your tier. Here's the entire process:

NOW · ONLINE

Apply online

Business and applicant details, plus a one-time consent to a soft credit pull. That's the application.

MINUTES, USUALLY

Pay & e-sign

Bonds at this fixed tier are among the thousands of bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with Local 1

Your executed bond and power of attorney arrive by email, ready to keep on file for Ironworkers Local No. 1 and, on request, for DOL/OLMS review. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the bond actually guarantees

The Labor-Management Reporting and Disclosure Act (LMRDA), 29 U.S.C. § 502, requires every officer, agent, shop steward, or other representative or employee of a labor organization who handles its funds or property to be bonded against loss from fraud or dishonesty. The bond's amount is fixed at not less than 10% of the funds the covered person (and any predecessor) handled in the preceding fiscal year, capped at $500,000, and written by a corporate surety holding U.S. Treasury Circular 570 authority. The U.S. Department of Labor's Office of Labor-Management Standards (OLMS) administers this requirement.

It's a three-party arrangement, but the obligee here is the Local itself: Ironworkers Local No. 1, the Chicago-based ironworkers local (obligee), you as the bonded officer or employee (principal), and the surety carrier. If a bonded person commits a fraudulent or dishonest act that causes the Local a financial loss, the Local 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 the $30,000 tier: the fixed amount and price here match an officer or employee whose calculated exposure under the LMRDA formula falls at this level. Confirm your required tier with Local 1's financial officers before you apply — we also write the $75,000 tier for larger exposure.

29 U.S.C. § 502 (LMRDA)The Labor-Management Reporting and Disclosure Act, 29 U.S.C. § 502, conditions a labor organization officer, agent, shop steward, or employee who handles union funds or property on an individual fidelity bond, fixed at not less than 10% of the funds handled in the preceding fiscal year (subject to a $500,000 cap), written by a corporate surety authorized under 31 U.S.C. §§ 9304–9308. The U.S. Department of Labor's Office of Labor-Management Standards oversees compliance. This product is the $30,000 fixed tier for officers and employees of Ironworkers Local No. 1, Chicago; confirm with the Local which tier matches your calculated bonding requirement.

You need this bond if you're

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An officer, business agent, or trustee of Ironworkers Local No. 1 who handles the Local's funds or property

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A financial officer or clerical employee of the Local authorized to sign checks, receive dues, or access accounts

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Renewing your bond at the start of a new fiscal year, as LMRDA §502 requires the Local to refigure coverage annually

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Newly elected or appointed to a position at the Local that handles funds and needs a bond on file

One application, quick turnaround.

These are the actual issuing fields, including a one-time consent to a soft credit pull that never affects your score.

Start the application →

FAQ

Common questions.

How much is the Ironworkers Local 1 $30,000 officer & employee bond?The premium is $1,200 flat — set by our carrier's rate book for this tier, the same for every applicant. The $30,000 bond amount matches this specific product tier, so there is no quote process.

Do I pay the $30,000?No. You pay $1,200. The $30,000 is the surety's maximum liability to Ironworkers Local No. 1 if a valid fraud or dishonesty claim is made — not a deposit, and nobody holds your money.

How fast will I have the bond?Bonds at this fixed tier are among the thousands of bond types that issue right after purchase — many applicants finish the application and have the bond in the same sitting. At most, 1–2 business days.

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 if my required bond amount is higher than $30,000?Then you need the $75,000 tier instead — LMRDA fixes your bond at not less than 10% of the funds you handled last fiscal year, up to $500,000. We also write the $75,000 tier for Ironworkers Local No. 1; confirm your exact figure with the Local's financial officers before choosing.

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Get your Local 1 bond on file today.

$1,200 flat, soft pull only, bond often issued in the same sitting. Free until issued.

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Your price$1,200

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IL Ironworkers Local 1 officer bonds.$1,200 flat.