IBEW Local 668 wage & fringe bonds.
4% of the bond amount.
A contractor who signs International Brotherhood of Electrical Workers Local Union No. 668's collective bargaining agreement — covering Benton, Carroll, Cass, Fulton, Tippecanoe, and White Counties — backs its promise to pay covered wages and fringe benefit fund contributions with a wage and fringe benefits bond. It's a contractual requirement under the agreement, not a state statute. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
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Apply to filed in one sitting.
Wage and fringe benefit bonds are straightforward to issue. Enter your amount, consent to a soft pull, and file with the local. Here is the whole thing:
Apply online
Your company details, the bond amount your Local 668 agreement or contract calls for, and the effective date — plus a one-time consent to a soft credit pull.
Issued
Most wage and fringe bonds at this size clear right after purchase — the soft pull informs pricing and never affects your score. Larger amounts may get a brief underwriter look.
File with Local 668
Your executed bond and power of attorney arrive by email, ready to file with the local's business manager or benefit fund administrator. Wet-ink original mailed on request.
What it is and who needs it.
What the wage and fringe benefits bond actually guarantees
A wage and fringe benefits bond is the security a union local's collective bargaining agreement calls for from a signatory contractor: a guarantee that the contractor will actually pay the wages and the fringe benefit fund contributions — health & welfare, pension, apprenticeship & training, and vacation savings — that the agreement obligates it to pay for every hour a covered electrician works.
It's a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local Union No. 668 and its affiliated benefit funds (the obligee), with covered employees across Local 668's six-county jurisdiction as the protected parties. If a signatory contractor falls behind on wages or fund contributions, the local or the fund trustees can make a claim against the bond.
It is not insurance for the contractor — if the surety pays a claim, the contractor repays the surety. This is a private contractual requirement set by the collective bargaining agreement, not an Indiana statute — the amount is whatever your agreement or the specific contract calls for, and we price it from a $100 minimum.
You need this bond if you're
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 — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Indiana bonds.
Get signatory-ready with Local 668.
4% of the bond amount, $100 minimum, soft pull only. Enter your amount and file the same day.