A structural, ornamental, or reinforcing ironworking contractor that signs on as a signatory employer with the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers Local No. 1 agrees to remit wages on every covered hour worked. When the local requires a bond to secure that obligation, ours is $600 flat for the $15,000 bond — the price you see is the checkout price, after a soft credit consent that never affects your score.
















A wage bond for a single local is about the simplest thing in surety. Here's the entire process:
Business details, the effective date, and a one-time consent to a soft credit pull. No financials, no follow-up scavenger hunt.
Wage 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 file with Ironworkers Local No. 1's business office in Forest Park. Wet-ink original mailed on request.
Ironworkers Local No. 1, headquartered in Forest Park, Illinois, is one of the oldest locals of the International Association of Bridge, Structural, Ornamental and Reinforcing Iron Workers, covering bridge, structural, and ornamental ironworking in the Chicago area. A signatory ironworking employer agrees, under its collective bargaining agreement with the local, to remit wages on every hour a covered employee works. When the local requires a bond to secure that obligation, this is the filing.
It's a three-party arrangement: you (the principal), the surety carrier, and Ironworkers Local No. 1 (the obligee), with the covered ironworkers' wages as the protected interest. If a signatory employer falls behind on required wage payments, the local can make a claim against the bond to recover what is owed.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private, contractual requirement set by the local and its collective bargaining agreement, not an Illinois statute or ordinance, so confirm the exact figure and filing address with the local's business office before applying.
These are the actual issuing fields, including a one-time consent to a soft credit pull that never affects your score.
Start the application →$600 flat, soft pull only, bond often issued in the same sitting. Free until issued.