NY IBEW Local 237 wage & benefit bonds.
4% of the bond amount.

IBEW Local 237, one of the largest IBEW-affiliated locals in New York City, requires signatory employers to post a wage and benefit bond guaranteeing negotiated wages and contributions to the Local's benefit trust funds for the employees it represents. This is a private requirement of Local 237's collective bargaining agreement — not a New York statute. Premiums cost 4% of the bond amount, $100 minimum. Enter the amount your signatory agreement requires and your exact price appears at the application.

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Required by IBEW Local 237 as a condition of signing its collective bargaining agreement

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Backs negotiated wages and benefit fund contributions owed to Local 237-represented employees

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4% of the bond amount, $100 minimum — your exact price appears at the application

4%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 and benefit bond — enter your amount, consent to a soft pull, and file with Local 237. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount your signatory agreement requires, and the effective date — plus a one-time consent to a soft credit pull.

FAST REVIEW

Approved

Most wage and benefit bonds clear quickly. The application includes a credit consent, but it authorizes a soft pull only — a soft inquiry that never affects your score. Larger amounts may get a brief review.

SAME DAY

File with Local 237

Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 237 or its benefit funds office. Wet-ink originals mailed on request.

About this bond

What it is and who needs it.

What the wage and benefit bond actually guarantees

IBEW Local 237 is a New York City-based local of the International Brotherhood of Electrical Workers representing employees across a wide range of public- and private-sector employers. An employer who signs Local 237's collective bargaining agreement agrees to pay negotiated wages and to remit contributions to the Local's benefit trust funds — typically health, welfare, and pension coverage for covered employees.

The wage and benefit bond backs those obligations. It is a three-party arrangement: you (the principal), the surety carrier, and Local 237 and its benefit funds (the obligee / protected parties). If a signatory employer fails to pay covered wages or remit fund contributions, Local 237 and its funds can recover against the bond.

It is not insurance for you — if the surety pays a claim, you repay the surety. This is a private contractual requirement of the collective bargaining agreement, not a New York statute, so there is no single published bond amount — Local 237 sets the figure per employer. Enter the amount your agreement calls for; premiums price at 4% of that amount, $100 minimum, and the application includes a credit consent that authorizes a soft pull only.

IBEW Local 237 collective bargaining agreement — private trust requirement, not a New York statuteThis bond is not created by a New York statute or regulation. It is required under the collective bargaining agreement between signatory employers and IBEW Local 237, whose benefit trust funds cover the wages, health, welfare, and pension obligations owed to Local 237-represented employees. The bond amount, term, and specific conditions are set by the Local and the signatory agreement rather than by public statute. Confirm your required amount and filing details with IBEW Local 237 or its benefit funds office directly.

You need this bond if you are

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An employer signing the CBA with IBEW Local 237

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Employing workers represented by Local 237 and required to bond your wage and benefit obligations

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Renewing your signatory status with a wage and benefit bond that is expiring

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Bidding work that conditions the contract on this bond

One application, then a quick review.

Submit the application with the bond amount your signatory agreement requires. Most wage and benefit bonds clear quickly; larger amounts may get a brief underwriter review.

Start the application →

FAQ

Common questions.

How much is the IBEW Local 237 wage and benefit bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by IBEW Local 237 per employer under its collective bargaining agreement — there is no single published figure. Enter the amount your signatory agreement requires and your exact price appears at the application.

Who requires this bond, and why?IBEW Local 237 requires it of signatory employers as a condition of the collective bargaining agreement. It guarantees negotiated wages and contributions to the Local's benefit trust funds for the employees it represents.

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. Larger bond amounts may get a brief underwriter review.

What does the bond protect against?It guarantees that a signatory employer actually pays the negotiated wages and remits the benefit fund contributions the collective bargaining agreement requires. If an employer fails to and Local 237 or its funds are harmed, they can claim against the bond — and if the surety pays, the employer repays the surety. It is a trust-fund backstop, not insurance for you.

What amount should I enter?The figure your signatory agreement with IBEW Local 237 specifies. There is no single citywide amount — it is set per employer. If you are unsure of your figure, check your signatory agreement or contact Local 237's benefit funds office.

Related bonds

Other New York bonds.

Signatory status, without the bond holdup.

Premiums cost 4% of the bond amount, $100 minimum. Enter the amount your agreement requires and file with Local 237 the same day.

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Your premiumfrom $100

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