Nebraska wage & welfare bonds.
From $100.
A contractor signatory to IBEW Local Union No. 22's collective bargaining agreement can be required to post a wage and welfare bond guaranteeing wages and fringe-benefit contributions on the union work performed. Your agreement with the Local sets the amount, not a state statute. Premiums cost 4% of the bond amount, $100 minimum.
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How much does a Nebraska wage & welfare bond cost?
4% of the bond amount, from $100. Enter your amount in the calculator for the exact price.
Three steps. One sitting.
No long underwriting queue for the standard wage and welfare bond — enter your amount, consent to a soft pull, and give the Local your certificate. Here is the whole thing:
Apply online
Your company details, the bond amount your agreement with the Local requires, and the effective date — plus a one-time consent to a soft credit pull.
Issued
The credit consent in the application authorizes a soft pull only, and most applications approve instantly. Pricing is 4% of the bond amount, $100 minimum.
Deliver to IBEW Local 22
Your executed bond and power of attorney arrive by email, ready to hand to the Local's benefit funds office to confirm your good standing as a signatory contractor. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage and welfare bond actually guarantees
A wage and welfare bond (also called a union bond) is a payment guarantee for labor and benefits, not a license bond. When a contractor signs IBEW Local Union No. 22's collective bargaining agreement to employ its members on electrical work in the Omaha area, the Local can require the contractor to post a bond backing timely payment of wages and the fringe-benefit contributions — health and welfare, pension, apprenticeship, and similar trust funds — the agreement calls for.
It is a three-party arrangement: the contractor (the principal), the surety, and the Local or its benefit funds (the obligee), protecting the members who worked the job and the trust funds that pay their benefits. If a signatory contractor falls behind on wages or fund contributions, the Local or trustees can claim against the bond; if the surety pays, the contractor repays the surety.
There is no single figure set by law — the amount comes from your agreement with IBEW Local 22, which may set a flat sum or scale it to the number of workers or hours you employ under the contract. Enter the amount your agreement requires; premiums are priced from a $100 minimum, and the credit consent in the application authorizes a soft pull only.
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
Deliver to IBEW Local 22. Your executed bond and power of attorney arrive by email, ready to hand to the Local's benefit funds office to confirm your good standing as a signatory contractor. Wet-ink originals mailed on request.
What sets the price
The premium is 4% of the bond amount, $100 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, issued instantly.
These are the actual underwriting fields, including a one-time credit consent that authorizes a soft pull only. Your price — from a $100 minimum — is set at application.
Start the application →Common questions.
Other Nebraska bonds.
Price and requirements checked on the carrier’s application, . Page updated .
Stay in good standing with IBEW Local 22.
Premiums from $100, soft pull only. Enter the amount your agreement requires and deliver the bond the same day.