IBEW Local 1 wage & welfare bonds.
From $100. Enter your amount.
IBEW Local Union No. 1 (St. Louis) requires signatory electrical contractors to post a wage and welfare bond guaranteeing timely payment of union wages and contributions to the Local 1 / St. Louis Chapter NECA benefit funds — Health & Welfare, Pension, Apprenticeship, and related trusts. Premiums cost 2% of the bond amount, $100 minimum. Enter the amount your fund trustees require and your exact price appears at the application.
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Apply to filed in one sitting.
No long underwriting queue for the standard Local 1 wage and welfare bond — enter your amount, pay, and provide the bond. Here is the whole thing:
Apply online
Your company details, the bond amount your Local 1 agreement requires, and the effective date — plus a one-time credit consent authorizing a soft pull only.
Approved
Most Local 1 wage and welfare bonds clear immediately — pricing is 2% of the bond amount, $100 minimum, and the credit consent authorizes a soft inquiry only that never affects your score.
File with Local 1
Your executed bond and power of attorney arrive by email, ready to provide to Local 1 or the benefit-fund administrator. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 1 wage and welfare bond actually covers
IBEW Local Union No. 1 represents roughly 2,900 construction electricians in the City of St. Louis and the surrounding Eastern Missouri counties, working under a collective bargaining agreement with signatory contractors represented by the St. Louis Chapter of the National Electrical Contractors Association (NECA). That agreement obligates a signatory contractor to pay union-scale wages and remit contributions to the jointly administered Local 1 benefit funds — Health & Welfare, Pension, Apprenticeship and Training, and related trusts.
The wage and welfare bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and Local 1 and its benefit funds (the obligee). If a signatory contractor fails to pay covered wages or remit fund contributions, the funds can recover against the bond — and if the surety pays a claim, you repay the surety. It is not insurance for you.
The amount is set for your specific signatory agreement rather than published as one fixed figure across every contractor. Enter the bond amount your agreement or the fund trustees require; we price it from a $100 minimum, and the credit consent in the application authorizes a soft pull only that never touches your score.
You need this bond if you are
One application, issued instantly.
These are the actual underwriting fields, including your required bond amount and a one-time credit consent authorizing a soft pull only. Submit once and your bond is typically issued the same day.
Start the application →Common questions.
Other Missouri bonds.
Your signatory status is waiting on one bond.
From $100, soft pull only. Enter your required amount and provide the bond to Local 1 the same day. Free until issued.