IBEW Local 873 wage & fringe bonds.
4% of the bond amount.

A contractor who signs International Brotherhood of Electrical Workers Local Union No. 873's collective bargaining agreement 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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Required by Local 873's collective bargaining agreement — a private contractual condition of signatory status, not an Indiana statute

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Backs wages and fringe benefit fund contributions owed to covered employees under the agreement

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4% of the bond amount, $100 minimum — enter your amount and see your exact price at application

From $1004% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

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:

TODAY · ONLINE

Apply online

Your company details, the bond amount your Local 873 agreement or contract calls for, and the effective date — plus a one-time consent to a soft credit pull.

INSTANTLY

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.

SAME DAY

File with Local 873

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.

About this bond

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. 873 and its affiliated benefit funds (the obligee), with covered employees 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. Local 873 also runs a separate, smaller-tier bond for contractors with 1–15 employees — see that page if it fits your shop.

IBEW Local Union No. 873 Collective Bargaining AgreementThis bond is required by International Brotherhood of Electrical Workers Local Union No. 873's collective bargaining agreement as a condition of signatory status for electrical contractors, not by an Indiana statute or state agency rule. Confirm your required bond amount with Local 873's business manager or the administrator of its health & welfare, pension, and apprenticeship funds before applying — we'll issue whatever amount your agreement specifies.

You need this bond if you're

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A contractor signing Local 873's collective bargaining agreement for the first time

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Renewing signatory status with an expiring or non-renewing bond

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Bidding public or private electrical work that requires proof of a current wage & fringe bond

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Asked by Local 873 or its benefit funds to post or refresh security on the account

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 →

FAQ

Common questions.

How much is the IBEW Local 873 wage and fringe benefits bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself comes from your Local 873 agreement or the specific contract, not a statute — enter the figure your agreement calls for and your exact price appears at the application.

What amount should I enter?The bond amount your Local 873 collective bargaining agreement or your specific contract specifies. If you're unsure, ask Local 873's business manager or the administrator of its benefit funds before applying — we issue whatever amount you confirm.

What does the bond guarantee?That you'll pay covered employees' wages and the fringe benefit fund contributions — health & welfare, pension, apprenticeship & training — the agreement obligates you to pay. If you fall behind and the local makes a valid claim, the bond backs the shortfall; you then repay the surety.

Do I pay the full bond amount?No. The bond amount is the surety's maximum liability if a valid claim is made — not a deposit, and nobody holds your money. You pay the 4% premium, $100 minimum.

I only have a small crew — is there a different tier?Yes. Local 873 also runs a wage & fringe bond sized for contractors with 1–15 employees, commonly $25,000. If that fits your shop, use that page instead — it's priced the same way, 4% of the bond amount with a $100 minimum.

Related bonds

Other Indiana bonds.

Get signatory-ready with Local 873.

4% of the bond amount, $100 minimum, soft pull only. Enter your amount and file the same day.

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Your premiumfrom $100

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