Iowa IBEW Local 145 wage bonds.
From $100.
IBEW Local 145 in eastern Iowa requires a signatory electrical contractor to post a wage and fringe benefit bond guaranteeing union-scale wages and benefit-fund contributions. It is a private union requirement, not an Iowa statute; your agreement sets the amount. Premiums cost 2% of the bond amount, $100 minimum.
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How much does an Iowa IBEW Local 145 wage bond cost?
2% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard wage and fringe bond — 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 Local 145 set, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and fringe bonds clear quickly. The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. Larger amounts may get a brief review.
File with the local
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 145's benefit fund office. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 145 wage & benefits bond actually guarantees
IBEW Local 145 represents electrical workers across the Quad Cities — its Iowa jurisdiction covers Cedar, Clinton, Jackson, Muscatine, and Scott counties, alongside adjoining Illinois territory. A signatory electrical contractor covered by the local's collective bargaining agreement is required to post a wage and fringe benefit bond guaranteeing timely payment of covered wages and remittance of contributions to the local's benefit funds.
It is a three-party arrangement: you (the principal), the surety carrier, and IBEW Local 145 and its benefit funds (the obligee / protected party). If a signatory contractor fails to pay covered wages or fund contributions, the local can recover against the bond — and if the surety pays, the contractor repays the surety. It is not insurance for you; it is a payment guarantee for your workers and the funds.
There is no single statutory amount — the requirement arises from the applicable collective bargaining agreement, and the local sets the figure per contractor, generally scaled to covered payroll. Enter the amount your signatory agreement requires; we price the bond at 2% of that amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with the local. Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 145's benefit fund office. Wet-ink originals mailed on request.
What sets the price
The premium is 2% of the bond amount, $100 minimum: the amount the obligee sets moves the price, not your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
One application, then a quick review.
Submit the application with the bond amount Local 145 set on your signatory agreement. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Iowa bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Local 145 signatory status waiting on one bond.
Premiums from $100, priced at 2% of the bond amount. Enter your required figure and file with the local the same day.