Ohio IBEW Local 972 wage & fringe bonds.
4% of the bond amount, $100 minimum.

An electrical contractor signatory to the IBEW Local No. 972 inside-wireman agreement — covering Marietta and the Mid-Ohio Valley counties the local represents — can be required to post a wage-and-fringe-benefit bond securing the wages and fund contributions the agreement obligates you to pay. Premiums cost 4% of the bond amount, $100 minimum, after a credit consent that authorizes a soft pull only.

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Required by your IBEW Local No. 972 collective bargaining agreement as security for wages and benefit contributions, not a state statute

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Runs to IBEW Local No. 972 as obligee, for the Mid-Ohio Valley jurisdiction the local represents

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4% of the bond amount, $100 minimum — enter your required amount and see your price at 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-fringe bond — enter your amount, consent to a soft pull, and file with the local. Here is the whole thing:

TODAY · ONLINE

Apply online

Your company details, the bond amount your Local No. 972 agreement requires, the effective date, and a one-time credit consent authorizing a soft pull only.

INSTANTLY

Approved

Most wage-and-fringe bonds clear immediately — the soft pull informs approval and never affects your score. Pricing is 4% of the bond amount, $100 minimum.

SAME DAY

File with the local

Your executed bond and power of attorney arrive by email, ready to file with IBEW Local No. 972 as proof of security before you are dispatched.

About this bond

What it is and who needs it.

What the Local 972 wage & fringe bond actually guarantees

IBEW Local No. 972 represents inside-wireman electrical workers across the Mid-Ohio Valley, based in Marietta. Its collective bargaining agreement with signatory contractors typically obligates the contractor to pay covered wages and to remit health, pension, and other fringe-benefit contributions on hours worked. A wage-and-fringe-benefit bond is the security device the local can require to back that promise.

The bond names IBEW Local No. 972 as the obligee. It is a three-party arrangement: the contractor (principal), the surety, and the local (obligee) — with covered electricians as the people it ultimately protects. If a signatory contractor fails to pay wages or remit fund contributions, the local can claim against the bond, and if the surety pays, the contractor repays the surety.

There is no statewide statutory amount — the figure is set by your specific agreement with the local and can scale with your covered payroll or crew size. Confirm the required amount with your Local No. 972 business manager or benefit fund office; enter it here and we price the bond from a $100 minimum.

IBEW Local No. 972 collective bargaining agreement — not an Ohio statuteThis bond is not required by state law. It is a condition of the collective bargaining (inside-wireman) agreement between a signatory electrical contractor and IBEW Local No. 972, running to the local as obligee. The bond amount and the specific wage and fringe obligations it secures are set by that agreement, not by an Ohio statute or administrative rule. Confirm your required amount with Local No. 972 before applying.

You need this bond if you are

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An electrical contractor signatory to the Local No. 972 agreement that requires a wage-and-fringe bond

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New to the agreement and posting the bond for the first time before dispatch

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Renewing your bond after your covered payroll or crew size changed

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Reinstating after a lapse the local flagged on a missed contribution

One application, issued instantly.

These are the actual underwriting fields, including a one-time credit consent authorizing a soft pull only. The pull never affects your score, and your price — 4% of the bond amount, $100 minimum — is set at application.

Start the application →

FAQ

Common questions.

How much is the IBEW Local 972 wage & fringe benefits bond?Premiums cost 4% of the bond amount, with a $100 minimum. The amount itself is set by your Local No. 972 collective bargaining agreement — there is no single statewide figure. Enter the amount your agreement requires and your exact price appears at the application.

What amount should I enter?The bond amount your Local No. 972 agreement or business manager has told you to post. If you are unsure, ask your business manager or the benefit fund office — the figure is tied to your agreement, not a fixed statewide number.

What does the bond guarantee?It guarantees that you pay the wages and remit the fringe-benefit contributions your Local No. 972 agreement obligates you to pay. If you fail to and the local or its funds are shorted, they can claim against the bond, and if the surety pays, you repay the surety.

Is there a credit check?The application includes a credit consent, but it authorizes a soft pull only — an inquiry that never affects your score. No hard inquiry ever runs on this bond, and pricing is 4% of the bond amount, $100 minimum.

Where do I file it?With IBEW Local No. 972 directly, or through the benefit fund office if that is how your agreement routes bond filings. Your executed bond and power of attorney arrive by email the same day so you can submit it before dispatch.

Related bonds

Other Ohio bonds.

Post your wage & fringe bond without the dispatch delay.

4% of the bond amount, $100 minimum, soft pull only. Enter the amount your agreement requires and file with Local No. 972 the same day.

Start application

Your premiumfrom $100

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