A contractor signatory to a collective bargaining agreement with the International Brotherhood of Electrical Workers, Local Union No. 479 (Beaumont) posts this bond to guarantee its wages and contributions to the Local’s welfare funds. Premiums are 4% of the bond amount, $100 minimum. 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.
















Your signatory agreement is waiting on this bond. Here is the whole process:
Your business details, the bond amount your agreement requires, the effective date, and a one-time consent to a soft credit pull.
Most applications clear quickly on a soft pull that never affects your score; pricing is 4% of the bond amount, $100 minimum.
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local Union No. 479 or its welfare fund administrator. Wet-ink originals mailed on request.
A wage-and-welfare bond is the financial guarantee a union local requires of a signatory contractor — a contractor bound by a collective bargaining agreement to employ covered electricians. IBEW Local Union No. 479, based in Beaumont, requires this bond of a signatory electrical contractor to secure wages and its contributions to the Local’s welfare funds.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local Union No. 479 or its welfare trust funds (the obligee), protecting the covered electricians whose wages and benefits depend on those payments actually arriving. If a signatory contractor falls short, the Local can claim against the bond, and if the surety pays, the contractor repays the surety.
This is a private contractual requirement created by the collective bargaining agreement — not a Texas statute. The bond amount is set by your agreement with Local 479, not by us; enter the figure your agreement requires and see your exact price — 4% of that amount, $100 minimum, after a soft credit pull that never affects your score.
These are the actual underwriting fields, including your company details and a one-time consent to a soft credit pull. The pull never affects your score.
Start the application →4% of the bond amount, $100 minimum, soft pull only. Free until issued.