This bond is not required by any Maryland statute or state agency; the obligation comes from the collective bargaining agreement between a signatory electrical contractor and IBEW Local Union No. 26. The bond secures the payroll deductions and fringe-benefit fund contributions the signatory agreement requires the contractor to report and remit to the Local 26, IBEW-NECA joint trust funds. The bond amount is set by the fund office rather than a fixed statutory figure — confirm the exact obligee wording, required amount, and bond form with the Local 26 fund office before the bond is issued.

What the IBEW Local 26 fringe benefit bond actually does

You need this bond if you are

Most Local 26 fringe benefit bonds approve quickly. Your executed bond and power of attorney will arrive by email, ready to send to the Local 26 joint trust funds office.

4% of the bond amount, $100 minimum: the IBEW Local 26 fringe-benefit bond securing a signatory electrician's trust fund dues in Maryland. Instant issue.

IBEW Local No. 26 - Fringe Benefit Payment

Final premium can vary based on underwriting factors

How this works?

If you are a non profit select Corporation

All future bond correspondence and renewals will be sent to this address

Clear pricing.Instant issuance.