LA IBEW Local 861 wage bonds.
2% of the bond amount.

A contractor who signs the collective bargaining agreement with IBEW Local 861 — the electrical workers' local based in Lake Charles that represents members across Southwest Louisiana — agrees to fund the union's health & welfare, pension, and apprenticeship trusts on every hour worked. Local 861 and its trust administrators can require a wage and welfare bond so those contributions, and the wages behind them, are backed if the contractor falls short. Premiums run 2% of the bond amount, $100 minimum, after a soft-pull-only credit consent.

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Backs the wages and trust-fund contributions a signatory contractor owes under the Local 861 CBA

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The business manager or trust administrators set the bond amount based on your projected payroll

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2% of the bond amount, $100 minimum — a soft-pull credit consent, never a hard inquiry

2% rate$100 minimum premiumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for the standard wage and welfare bond — enter your amount, consent to a soft pull, and file with the union. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount Local 861 or its trust administrators set, the effective date, and a one-time soft-pull credit consent.

INSTANTLY

Approved

Most wage and welfare bonds at this size clear on the spot from the 2% rate, $100 minimum. A larger bond backing a bigger crew may get a brief underwriter look.

SAME DAY

File with Local 861

Your executed bond and power of attorney arrive by email, ready to hand to the union hall or business manager to keep your signatory status current. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the wage and welfare bond actually backs

A wage and welfare bond is a private, contractual safeguard, not a state license bond. It runs behind the collective bargaining agreement a signatory contractor signs with IBEW Local 861, the electrical workers' local headquartered in Lake Charles that represents journeymen and apprentices across Southwest Louisiana. Signing the CBA obligates the contractor to pay agreed wages and to remit fringe-benefit contributions — health & welfare, pension, and apprenticeship/training trust funds — for every hour a covered employee works.

The bond is a three-party guarantee: the contractor (principal), the surety, and Local 861 and its affiliated trust funds (obligee). If a signatory contractor falls behind on wages or trust contributions, the union or the trust administrators can make a claim against the bond, up to its penal sum, to cover the shortfall — and if the surety pays, the contractor repays the surety. It exists to protect union members' pay and benefits, not the contractor.

There is no statutory amount here — the bond is a term of the CBA and the trust participation agreement, and Local 861's business manager or the trust administrators set the figure to your projected workforce and payroll. Enter the amount your agreement calls for; we price the bond at 2% of that amount, $100 minimum, after a soft-pull-only credit consent that never triggers a hard inquiry.

IBEW Local 861 collective bargaining agreement & trust participation agreementThis bond is required under the collective bargaining agreement and the related health & welfare / pension / apprenticeship trust participation agreements between a signatory contractor and IBEW Local 861 (Lake Charles, LA) — a private, contractual obligation rather than a Louisiana statute. The union's business manager or the trust fund administrators set the required bond amount for your contractor classification and crew size. Confirm the exact figure and filing address with your Local 861 business manager before applying.

You need this bond if you are

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A signatory electrical contractor bound by the Local 861 collective bargaining agreement

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Bidding electrical work that requires proof of good standing with the union hall

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Renewing your signatory status and the trust administrators have asked for a current bond

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A new contractor onboarding onto the Local 861 inside, outside, or residential agreement

One application, then fast underwriting.

Submit the application with the bond amount Local 861 or the trust administrators set. Most clear instantly at 2% of the bond amount, $100 minimum; a larger figure may get a brief underwriter look.

Start the application →

FAQ

Common questions.

How much is the IBEW Local 861 wage and welfare bond?Premiums cost 2% of the bond amount, with a $100 minimum. The bond amount itself is not set by us — Local 861's business manager or the trust administrators set it to your contractor classification and projected crew size. Enter that figure and your exact price appears at the application.

What amount should I enter?Whatever figure Local 861 or the trust fund administrators specified for your signatory status. If you're unsure, ask your business agent or the trust office before applying — the bond amount is a term of your CBA and trust participation agreement, not a number we assign.

What does the bond guarantee?It backs the wages and fringe-benefit trust contributions — health & welfare, pension, apprenticeship — a signatory contractor owes under the Local 861 agreement for covered work. If the contractor falls short, the union or trust administrators can claim against the bond up to its amount.

Where do I file it?With IBEW Local 861 — typically through your business manager or the trust fund office that requested it as a condition of your signatory status. We email you the executed bond and power of attorney the same day so you can hand it over promptly.

Do I pay the full bond amount, and is there a credit check?No — you only pay the premium (2% of the bond amount, $100 minimum), not the bond amount itself; the full amount is what the surety stands behind if a claim is paid. The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Related bonds

Other Louisiana bonds.

Stay signatory without the bond holdup.

Rate is 2% of the bond amount, $100 minimum. Enter the figure Local 861 set and file with the union hall the same day.

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Your premiumfrom $100

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