NJ IBEW Local 351 wage & welfare bonds.
4% of the bond amount.
A contractor who signs the collective bargaining agreement with IBEW Local 351 — the electrical workers' local covering Atlantic, Cape May, Cumberland, and surrounding South Jersey counties — agrees to post a surety bond guaranteeing payment of wages and fringe-benefit fund contributions (health & welfare, pension, annuity, and related funds) owed under the agreement. It is a private contractual requirement between the union and its signatory employers, not a New Jersey statute. Premiums cost 4% of the bond amount, $100 minimum, after a quick soft credit check that never affects your score.
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Apply to filed in one sitting.
No long underwriting queue for the standard wage-and-welfare bond — enter your amount, consent to a soft pull, and file with the union. Here is the whole thing:
Apply online
Your company details, the bond amount your CBA requires, the effective date, and a one-time consent to a soft credit pull.
Approved
Most Local 351 wage-and-welfare bonds clear quickly — the soft pull informs approval and never touches your score. Pricing is 4% of the bond amount, $100 minimum. Larger amounts may get a brief review.
File with the union
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 351 to keep your signatory status current. Wet-ink originals mailed on request.
What it is and who needs it.
What the Local 351 wage & welfare bond actually guarantees
A union wage-and-welfare bond is a private financial guarantee, not a government-mandated one. When a contractor signs (or renews) the collective bargaining agreement with IBEW Local 351 to hire its journeymen and apprentices, the agreement typically requires the contractor to post a surety bond naming the Local (or its funds) as obligee, guaranteeing that wages and the associated fringe-benefit fund contributions — health & welfare, pension, annuity, and training fund payments — are actually paid on the hours worked.
It is a three-party arrangement: the contractor (principal), the surety carrier, and Local 351 or its trust funds (obligee), protecting the electricians and their benefit funds. If a signatory contractor falls behind on payroll or fund contributions, the Local (often through its Labor-Management Committee or the funds' trustees) can make a claim against the bond to recover the delinquent amounts directly for the affected workers and funds.
The required bond amount is set by your CBA, not by state law — it is commonly sized to a multiple of your payroll, including fringe benefits, with a floor the agreement specifies. Confirm the exact figure with IBEW Local 351 or its NECA chapter counterparts before you apply; enter that figure and your premium is priced from a $100 minimum after a quick soft credit check that never affects your score.
You need this bond if you are
One application, then a quick review.
These are the actual underwriting fields, including a one-time consent to a soft credit pull. The pull never affects your score, and your price — 4% of the bond amount, $100 minimum — is set at application.
Start the application →Common questions.
Other New Jersey bonds.
Stay signatory without the bond holdup.
Premiums 4% of the bond amount, $100 minimum. Enter the amount your CBA requires and file with Local 351 the same day.