IBEW 527 wage & welfare bonds.
4% of the bond amount.
IBEW Local Union No. 527, headquartered in Texas City and serving electrical workers across the Texas City / Galveston refinery and port corridor, requires a signatory electrical contractor to post a wage and welfare bond guaranteeing union-scale wages and contributions to the local's benefit funds. This is a private requirement of Local 527's collective bargaining agreement, not a Texas 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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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 local. Here is the whole thing:
Apply online
Your company details, the bond amount your Local 527 agreement requires, and the effective date — plus a one-time consent to a soft credit pull.
Approved
Most wage and welfare 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.
File with the local
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local 527 so your signatory status stays current. Wet-ink originals mailed on request.
What it is and who needs it.
What the wage & welfare bond actually guarantees
IBEW Local Union No. 527 is the Texas City-headquartered affiliate of the International Brotherhood of Electrical Workers, representing electricians, industrial instrumentation specialists, and telecommunications technicians who work the Texas City refineries, port facilities, and commercial developments along the Galveston Bay corridor. Contractors who sign Local 527's collective bargaining agreement agree to pay union-scale wages and to remit contributions to the local's fringe benefit funds, including the National Electrical Benefit Fund (NEBF) and the local's pension, annuity, and health plans.
The wage and welfare bond backs those obligations for a signatory contractor. It is a three-party arrangement: you (the principal), the surety carrier, and IBEW Local 527 and its benefit funds (the obligee / protected parties). If a signatory contractor fails to pay covered wages or remit fund contributions, the local 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 Texas statute, so the amount is set per contractor by the local rather than a fixed public figure. Enter the amount your signatory 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.
You need this bond if you are
One application, then a quick review.
Submit the application with the bond amount your Local 527 agreement requires. Most clear quickly; larger amounts may get a brief underwriter review, usually within 48 hours.
Start the application →Common questions.
Other Texas bonds.
Local 527 signatory status waiting on one bond.
Premiums from $100, priced at 4% of the bond amount. Enter your required figure and file with the local the same day.