Michigan IBEW Local 252 bonds.
From $125.
An electrical contractor employing inside wiremen under the IBEW Local 252 agreement posts this bond to guarantee that both the wages and the fringe-benefit contributions those workers are owed actually get paid. It is a collective bargaining obligation, not a Michigan license requirement. Premiums cost 4% of the bond amount plus a $25 fee, $125 minimum.
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How much does a Michigan IBEW Local 252 bond cost?
4% of the bond amount plus a $25 fee, from $125. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
Signatory paperwork usually has a deadline attached, so this one is built to move: enter the amount, pay, and send the executed bond to the fund office. Here is the whole thing:
Apply online
Your company details, the bond amount your agreement names, an effective date, and the credit consent that authorizes a soft pull. That is the application.
Issued
Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.
Send it to the fund office
Your executed bond and power of attorney arrive by email, ready to go to the Local 252 fund office. Wet-ink original mailed on request.
What it is and who needs it.
What the wage & fringe benefits bond actually guarantees
When an electrical contractor employs inside wiremen under the IBEW Local 252 agreement, it agrees to pay negotiated wages plus hourly contributions into the local’s multiemployer trust funds — typically covering health, pension, annuity, and training for the crew.
Neither the wages nor the contributions are the contractor’s money to hold. ERISA § 515, 29 U.S.C. § 1145, makes an employer that is obligated to contribute to a multiemployer plan under a collectively bargained agreement pay in accordance with that agreement, and 29 U.S.C. § 1132(g)(2) puts real teeth behind a successful collection suit — unpaid contributions, interest, liquidated damages, and the funds’ attorney fees and costs. Wage claims run on a separate track, generally through Michigan wage-payment law and the agreement’s own grievance procedure.
The bond is how the union and the funds shorten the gap between work performed and money collected. Rather than chase a contractor after the fact, the trustees hold a surety’s promise that a stated sum stands behind unpaid wages and contributions — so a crew’s paychecks and benefit eligibility do not depend on the contractor’s cash position in a slow quarter. It is not insurance for you: if the surety pays a claim, you repay the surety. Keep it continuous for as long as you employ covered inside wiremen.
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
Issued. Most applications approve instantly. The credit consent authorizes a soft inquiry that never affects your score, and no hard inquiry ever runs on this bond.
What sets the price
The premium is 4% of the bond amount plus a $25 fee, $125 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 review.
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 Michigan bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Signatory paperwork waiting on one bond.
Enter the amount the fund office named, see your exact price at the application, and send the executed bond the same day. Free until issued.