Maryland IBEW Local 26 wage & welfare bonds.
$2,000 flat.
A contractor signatory to IBEW Local Union No. 26's collective bargaining agreement posts a $50,000 bond so the wages and benefit-fund contributions it owes each period actually reach the Local 26-NECA Joint Trust Funds. It is a collective bargaining obligation, not a Maryland licensing requirement. Ours is $2,000 flat, and the price you see is the checkout price.
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How much does a Maryland IBEW Local 26 wage & welfare bond cost?
$2,000 at the $50,000 amount, the same for every applicant.
Three steps. One sitting.
A new signatory agreement usually comes with a start date attached, and the trust funds office wants the bond on file. Here's the entire process:
Apply online
Business details, an effective date, and a soft credit consent. That's the application — no financials, no hard pull.
Pay & e-sign
Wage and welfare bonds like this are among the thousands of bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with the trust funds office
Your executed bond and power of attorney arrive by email, ready to send to the Local 26-NECA Joint Trust Funds office that administers your plans. Wet-ink original mailed on request.
What it is and who needs it.
What the bond actually guarantees
IBEW Local Union No. 26 represents union electricians across Washington, D.C., Maryland, and Virginia, with its offices in Lanham, Maryland. An employer that signs Local 26's collective bargaining agreement takes on negotiated wage rates and employer contributions to the Local 26-NECA Joint Trust Funds, which administer health and retirement benefits for the local's members.
This wage and welfare bond is the security Local 26 can require a signatory contractor to post so that wages and the trust-fund contributions reported each period actually reach the funds they are owed to. If a contractor becomes delinquent, the trust funds office can make a claim against the bond, up to the $50,000 bonded sum, to recover the shortfall — the surety then seeks reimbursement from the contractor.
It is not insurance for the contractor — it is private, contractual security running from the collective bargaining agreement, not a Maryland statute or state agency filing. No Maryland department issues it or receives it; it is filed directly with the Local 26-NECA Joint Trust Funds office. The bond amount here is fixed at $50,000 rather than scaled to payroll, so the price is fixed too.
You need this bond if you're
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 $50,000 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; a longer term is the same price per year, chosen at checkout.
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 trust funds office. Your executed bond and power of attorney arrive by email, ready to send to the Local 26-NECA Joint Trust Funds office that administers your plans. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $2,000 at the $50,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or 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, issued instantly.
These are the actual issuing fields. The credit consent authorizes a soft pull only — a soft inquiry that never affects your score.
Start the application →Common questions.
Other Maryland bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status waiting on one bond.
$2,000 flat, no hard credit pull, bond often issued in the same sitting. Free until issued.