MD IBEW Local 24 wages & dues bonds.
4% of the bond amount.
An electrical contractor signatory to the International Brotherhood of Electrical Workers (IBEW) Local Union No. 24 agreement — the Baltimore-headquartered local covering electrical work across much of Maryland — posts this bond so the wages, union dues checkoff, and benefit-fund contributions it owes each pay period actually reach the local and its funds. It is a collective bargaining obligation, not a Maryland licensing requirement. Premiums cost 4% of the bond amount, $100 minimum. The application includes a credit consent, but it authorizes a soft credit pull only.
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Apply to filed in one sitting.
The IBEW Local 24 wage and dues bond has no long underwriting queue for the standard amount — enter your figure, consent to a soft pull, and file with the local. Here is the whole thing:
Apply online
Your business details, the bond amount Local 24's office named, the effective date, and a one-time consent to a soft credit pull — that is the entire application.
Priced and issued
The premium is 4% of the bond amount, $100 minimum. Most signatory contractors approve quickly; the soft credit pull informs approval and never affects your score.
File with IBEW Local 24
Your executed bond and power of attorney arrive by email, ready to send to IBEW Local Union No. 24's office. Wet-ink originals mailed on request.
What it is and who needs it.
What the IBEW Local 24 wages & dues bond actually does
When an electrical contractor signs the IBEW Local Union No. 24 inside agreement — Local 24 is headquartered in Baltimore, with additional offices serving Maryland's Eastern Shore and Frederick — it takes on negotiated wage rates, union dues checkoff, and employer contributions to the local's benefit funds on top of wages. A wage and dues bond, sometimes called a union security bond, is the assurance a fund office or local can require a signatory contractor to post before it dispatches workers, or when a contractor has a history of late reports.
The bond guarantees that wages, dues checkoff, and fund contributions reported each pay period actually reach the local and the funds they are owed to. If a signatory contractor becomes delinquent, the local or its trustees can make a claim against the bond, up to the bonded sum, to recover the shortfall — the surety then seeks reimbursement from the contractor. It is a three-party arrangement: you (the principal), the surety carrier, and IBEW Local Union No. 24 (the obligee); it is not insurance for you.
This is a private, contractual bond, not a Maryland licensing or state-agency requirement — no Maryland department issues it or receives it. The obligation runs from the collective bargaining agreement between the contractor and Local 24, and the bond form typically leaves the covered sum for the local's fund office to set, sized to the contractor's payroll and expected contribution exposure rather than a flat statutory number. We price the bond from a $100 minimum at 4% of the amount the fund office sets, and the application includes only a soft credit consent — never a hard inquiry.
You need this bond if you are
Priced at the application.
These are the actual underwriting fields, including the one-time soft credit consent. Submit with the bond amount Local 24's office named — the premium is 4% of that amount, $100 minimum.
Start the application →Common questions.
Other Maryland bonds.
File your Local 24 wages & dues bond today.
4% of the bond amount, $100 minimum. Enter the sum the local's office named and send it the same day. Free until issued.