Washington IBEW Local 46 bonds.
$6,000 flat.
An electrical contractor signatory to a collective bargaining agreement with IBEW Local Union No. 46 (Seattle) posts this $150,000 bond to guarantee its wages and contributions to the union’s fringe benefit trust funds. Ours is $6,000 flat.
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How much does a Washington IBEW Local 46 bond cost?
$6,000 at the $150,000 amount, the same for every applicant.
Three steps. One sitting.
This is a fixed-amount, fixed-price fringe benefits bond. Here’s the entire process:
Apply online
Company details, an effective date, and a one-time consent to a soft credit pull — that’s the application.
Pay & e-sign
Fringe benefits bonds at this fixed amount are among the bond types that issue right after purchase. Issued when you pay. One soft credit pull, never a hard inquiry, and it never affects your score.
File with Local 46
Your executed bond and power of attorney arrive by email, ready to file with IBEW Local Union No. 46 or its fringe benefit trust fund administrator. Wet-ink original mailed on request.
What it is and who needs it.
What the IBEW Local 46 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 electrical workers. International Brotherhood of Electrical Workers Local Union No. 46, based in Seattle and covering the Puget Sound electrical trade, sets this larger $150,000 bond form for accounts whose payroll under the agreement calls for a higher-amount guarantee.
It is a three-party arrangement: the contractor (the principal), the surety carrier, and IBEW Local Union No. 46 or its fringe benefit trust funds — administered for the local by the Puget Sound Electrical Workers (PSEW) Trusts — (the obligee), protecting the covered workers whose health & welfare, pension, and training-fund benefits depend on those contributions actually arriving. If a signatory contractor falls short on wages or fund contributions, the union or trust 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 between a signatory contractor and Local 46 (or the Puget Sound Chapter, NECA, on the employer side) — not a Washington statute. The $150,000 amount and the $6,000 premium are fixed for this specific bond form; if your agreement or trust fund administrator calls for a different bond amount, confirm it with Local 46 or PSEW Trusts before applying — smaller signatory contractors typically post a lower amount instead.
You need this bond if you are
Claims, renewal, filing, and what sets the price.
If a claim is made
A claim comes from the party the bond protects, the obligee named on the form, when the duty the bond guarantees is not met.
The surety investigates and pays a valid claim, up to the $150,000 bond amount. You then repay the surety: a surety bond is a guarantee of your performance, not insurance for you.
Renewal and term
The premium covers a one-year term from the effective date you choose; a longer term is the same price per year, chosen at checkout.
Renew before the expiry date to keep the bond in force: the license, permit or contract it backs expects continuous coverage.
How to file it
File with Local 46. Your executed bond and power of attorney arrive by email, ready to file with IBEW Local Union No. 46 or its fringe benefit trust fund administrator. Wet-ink original mailed on request.
What sets the price
The premium is fixed at $6,000 at the $150,000 amount for every applicant: the carrier’s rate book prices this bond by the form, not by your credit or your business profile.
One soft credit pull, never a hard inquiry, and it never affects your score.
Where a check runs, it decides approval; the rate is the same for everyone approved.
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 →Common questions.
Other Washington bonds.
Been told you need a different amount?
Price and requirements checked on the carrier’s application, . Page updated .
Signatory status without the paperwork delay.
$6,000 flat, soft pull only. Free until issued.