IBEW Local 130 wage & welfare bonds.
From $100.
A contractor signatory to a collective bargaining agreement with IBEW Local Union 130 in New Orleans can be required by the union's wage and welfare trust fund trustees to post a bond securing timely fringe-benefit contributions on behalf of its electrical workers. The premium is 2% of the bond amount, $100 minimum.
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How much does an IBEW Local 130 wage & welfare 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 fringe-benefit bond — enter your amount, pay, and deliver it to the fund office. Here is the whole thing:
Apply online
Your company details, the bond amount the trust fund required, and the effective date — plus a one-time consent to a soft credit pull.
Issued
Pricing is 2% of the bond amount, $100 minimum, after a soft credit check that never affects your score. Larger amounts may get a brief review.
File with the fund office
Submit the executed bond to the IBEW Local 130 wage and welfare fund office to satisfy your signatory contractor obligation. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage and welfare bond actually guarantees
A wage and welfare bond is fringe-benefit security, not a government-mandated license bond. When an electrical contractor signs a collective bargaining agreement with IBEW Local Union 130 in New Orleans, it commits to make regular contributions — health and welfare, pension, and related fringe benefits — to the union's trust funds on behalf of every covered employee's hours worked.
To protect the fund and its members if a signatory contractor falls behind or defaults on those contributions, the trustees of the wage and welfare trust fund can require the contractor to post a bond. This is a private contractual requirement arising from the trust agreement and the collective bargaining agreement — not a Louisiana statute — so the amount, and whether a bond is required at all, follows the fund's own rules rather than a fixed public code section.
It is a three-party arrangement: you (the principal, the signatory contractor), the surety, and the trust fund trustees as obligee. If contributions go unpaid and the fund is harmed, the trustees can claim against the bond, and if the surety pays, the contractor repays the surety. Enter the amount your fund notice specifies; your premium is priced at 2% of the bond amount, $100 minimum.
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 fund office. Submit the executed bond to the IBEW Local 130 wage and welfare fund office to satisfy your signatory contractor obligation. 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 check.
Submit the application with the bond amount the fund trustees set. Approval typically follows a quick soft credit check that never affects your score.
Start the application →Common questions.
Other Louisiana bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Satisfy your fund's bonding requirement.
Premiums from $100. Enter the amount the trustees set, see your exact price before you pay, and file with the fund the same day.