VA IBEW Local 666 bonds.
$200 flat.

A contractor signatory to a collective bargaining agreement with IBEW Local Union No. 666 (Richmond), through the Atlantic Coast Chapter of the National Electrical Contractors Association, posts this $5,000 bond to secure its wages and fringe-benefit fund contributions — ours is $200 flat, and the price you see is the checkout price. 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.

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Required of a signatory contractor under its collective bargaining agreement with IBEW Local 666

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Guarantees payroll and fund-contribution obligations — wages, pension, health, and welfare

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Fixed price, fixed amount — $5,000 bond, $200, no quote process

A-ratedA.M. Best carriersSoft pull onlynever a hard inquiry1–3 yrterms available

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How it works

Three steps. One sitting.

This is a fixed-amount, fixed-price fringe benefits bond. Here’s the entire process:

NOW · ONLINE

Apply online

Company details, an effective date, and a one-time consent to a soft credit pull — that’s the application.

MINUTES, USUALLY

Pay & e-sign

Fringe benefits bonds at this fixed amount are among the bond types that issue right after purchase. At most, 1–2 business days.

SAME DAY

File with Local 666

Your executed bond and power of attorney arrive by email, ready to file with IBEW Local Union No. 666, the Atlantic Coast Chapter of NECA, or the fringe benefit fund administrator. Wet-ink original mailed on request.

About this bond

What it is and who needs it.

What the IBEW Local 666 fringe benefits bond actually guarantees

A fringe benefits bond — sometimes called 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. 666, based in the Richmond area, works through the Atlantic Coast Chapter of the National Electrical Contractors Association (NECA) on the Fourth District Regional Agreement covering Maryland, Virginia, and D.C.

That agreement’s Surety Bond article requires each signatory employer to furnish a surety bond (or cash-equivalent line of credit) to secure payment of all amounts due on account of payroll and fund-deduction, contribution, and reporting obligations, and provides that the Atlantic Coast Chapter of NECA determines the amount due and directs payment from the bond to affected employees and fund trustees. This carrier’s form is written at a fixed $5,000.

It is a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local Union No. 666 or the Atlantic Coast Chapter of NECA on behalf of the affected fringe benefit funds (the obligee), protecting the covered workers whose wages and benefits depend on those contributions actually arriving. If a signatory contractor falls short, the union or Chapter can direct payment from the bond, and if the surety pays, the contractor repays the surety.

Fourth District Regional Agreement (Atlantic Coast Chapter, NECA / IBEW) — Surety Bond article, not a Virginia statuteThis bond requirement comes from the collective bargaining agreement between a signatory contractor and IBEW Local Union No. 666, administered through the Atlantic Coast Chapter of NECA — a private contractual requirement, not a Virginia statute. That agreement is not publicly published (the Chapter’s agreements page is member-access only), so we have not quoted specific article language or a termination-notice period here; in general terms, it requires signatory employers to secure payroll and fringe-benefit-fund obligations with a bond or equivalent, with the Atlantic Coast Chapter of NECA administering claims against it. This carrier’s form is fixed at $5,000; confirm your exact required amount and the agreement’s specific terms with Local 666 or its fringe benefit fund administrator before applying.

You need this bond if you are

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A contractor signatory to a collective bargaining agreement with IBEW Local Union No. 666

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Bidding or performing electrical work that requires employing covered Local 666 electricians in the Richmond area

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Renewing your agreement and the union, NECA Chapter, or fund administrator has asked for an updated bond

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A subcontractor whose general contractor requires proof of a fringe benefits bond before work begins

One application, issued fast.

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 →

FAQ

Common questions.

How much is the IBEW Local 666 fringe benefits bond?The premium is $200 flat — set by our carrier’s rate book for this $5,000 bond. There is no quote process for this fixed amount.

Do I pay the $5,000?No. You pay $200. The $5,000 is the surety’s maximum liability if a valid claim is made against the bond — not a deposit, and nobody holds your money.

How fast will I have the bond?Fringe benefits bonds at this fixed amount are among the bond types that issue right after purchase — many contractors finish the application and have the bond in the same sitting. At most, 1–2 business days.

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.

Where do I file it?File your executed bond and power of attorney with IBEW Local Union No. 666, the Atlantic Coast Chapter of NECA, or the fringe benefit fund administrator, whichever your collective bargaining agreement designates. Both arrive by email, ready to submit.

Related bonds

Other Virginia bonds.

Signatory status without the paperwork delay.

$200 flat, soft pull only. Free until issued.

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Your price$200

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