NY IBEW Local 106 wage & fringe bonds.
From $100. Enter your amount.

An electrical contracting employer who signs on as a signatory with IBEW Local Union 106, headquartered in Jamestown and covering Chautauqua County and part of Cattaraugus County, agrees to post a bond securing the wages and fringe-benefit fund contributions its labor agreement obligates it to pay. Premiums cost 4% of the bond amount, $100 minimum. The application includes a credit consent, but it authorizes a soft pull only. Enter the amount Local 106 set and your exact price appears at application.

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Required by IBEW Local Union 106’s signatory agreement — a condition of employing covered electricians, not a New York statute

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Secures wages and fringe-benefit contributions owed to Local 106 electrical workers and their trust funds

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From $100, soft pull only — enter your required bond amount and see your price at application

From $1004% of the bond amount, $100 minimumSoft pull onlynever a hard inquiryFastinstant underwriting for most

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How it works

Apply to filed in one sitting.

No long underwriting queue for the standard wage & fringe bond — enter your amount, pay, and file with Local 106. Here is the whole thing:

TODAY · ONLINE

Apply online

Your business details, the bond amount Local 106 set, and the effective date — plus a one-time consent to a soft credit pull.

MINUTES, USUALLY

Approved

Most wage & fringe bonds clear quickly; the soft pull informs approval and never affects your score. Larger amounts may get a brief review.

SAME DAY

File with Local 106

Your executed bond and power of attorney arrive by email, ready to file with IBEW Local Union 106’s business office as part of your signatory paperwork.

About this bond

What it is and who needs it.

What the wage & fringe bond actually guarantees

This bond is a contractual guarantee, not a licensing bond. When an electrical contracting employer signs on as a signatory with IBEW Local Union 106, headquartered in Jamestown, the local’s agreement can condition employing its members on the employer posting a bond that stands behind the wages and fringe-benefit fund contributions it owes covered electricians.

It is a three-party arrangement: you (the principal), the surety carrier, and IBEW Local Union 106 (the obligee), with the local’s electrical workers and their benefit funds as the protected interest. If a signatory employer falls behind on covered wages or fringe-benefit contributions, the local can make a claim against the bond up to its face amount.

It is not insurance for you — if the surety pays a claim, you repay the surety. There is no single fixed amount; Local 106 sets the figure based on your workforce and labor agreement. Keep the bond current for as long as you employ Local 106 members, and we send renewal notices ahead of expiration.

IBEW Local Union 106 signatory agreement — not a New York statuteThis bond is required by IBEW Local Union 106, headquartered in Jamestown, New York, as a condition of an electrical contracting employer’s signatory status — a private contractual requirement under the local’s labor agreement, not a New York statute or Department of Labor rule. Confirm your exact required bond amount and obligee language directly with the local’s business office before applying.

You need this bond if you are

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Signing on as an IBEW Local 106 signatory employer for the first time

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Renewing your signatory status and your current wage & fringe bond is expiring or non-renewing

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Employing Local 106 electricians on a job in Chautauqua or Cattaraugus County

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Reinstating a lapsed signatory filing that needs a fresh bond

One application, issued fast.

These are the actual issuing fields — the only sensitive item is a soft credit-consent checkbox, and it never triggers a hard pull.

Start the application →

FAQ

Common questions.

How much is the IBEW Local 106 wage and fringe benefits bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by IBEW Local Union 106 based on your signatory agreement — there is no single fixed figure. Enter that amount and your exact price appears at application.

What amount should I enter?Use the figure stated in your Local 106 signatory or labor agreement. If you are unsure, contact the local’s business office directly before applying — we price whatever amount you enter.

What does the bond guarantee?It guarantees that you pay the wages and fringe-benefit contributions your agreement with IBEW Local Union 106 obligates you to pay covered electricians. If you fall short, the local can claim against the bond, and you repay the surety for any amount it pays out.

Where do I file it?Submit the executed bond to IBEW Local Union 106’s business office in Jamestown alongside your signatory paperwork — not to a New York state agency.

Is there a credit check?The application includes a credit consent, but it authorizes a soft credit pull only — a soft inquiry that never affects your score. No hard inquiry ever runs on this bond.

Related bonds

Other New York bonds.

Get your Local 106 filing bonded today.

From $100, soft pull only. Enter your required amount and file with Local 106 the same day.

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Your premiumfrom $100

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