IBEW 271 fringe benefits bonds.
From $100.
IBEW Local Union No. 271 in Wichita requires signatory electrical contractors to post a fringe benefits bond guaranteeing union wages and benefit-fund contributions. It is a private union requirement, not a Kansas statute; your agreement sets the amount. Premiums cost 4% of the bond amount, $100 minimum.
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How much does an IBEW 271 fringe benefits bond cost?
4% 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 fringe benefits 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 your Local 271 agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most fringe benefits 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 271 so your signatory status stays current. Wet-ink originals mailed on request.
What it is and who needs it.
What the fringe benefits bond actually guarantees
IBEW Local Union No. 271 is the Wichita-headquartered affiliate of the International Brotherhood of Electrical Workers, with inside jurisdiction over electrical work across Wichita and much of the surrounding south-central Kansas territory. Contractors who sign Local 271's collective bargaining agreement agree to pay union wages and to remit contributions to the local's fringe benefit funds — health & welfare, pension, and apprenticeship and training.
The fringe benefits bond backs those obligations for a signatory contractor. It is a three-party arrangement: you (the principal), the surety carrier, and IBEW Local 271 and its benefit funds (the obligee / protected parties). If a signatory contractor fails to pay covered wages or remit fund contributions, the local and its funds can recover against the bond.
It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private contractual requirement of the collective bargaining agreement, not a Kansas statute, so the amount is set per contractor by the local rather than a fixed public figure. Enter the amount your signatory agreement calls for; premiums price at 4% 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 bond runs to December 31 whatever day you buy; the premium covers the period to that date.
Renewal falls on the statutory date, December 31, in the year your term ends.
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 271 so your signatory status stays current. Wet-ink originals mailed on request.
What sets the price
The premium is 4% 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 your Local 271 agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Kansas bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Local 271 signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the local the same day.