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Alaska bonds

Alaska — IBEW Local No. 1547 Electrical Funds / Fringe Benefits Bond

For an IBEW Local No. 1547 electrical-funds or fringe-benefit bond request in Alaska, start with the employer's contribution instructions. Purchase Now opens the application for this fund-related offering.

Continue to our secure checkout partner, Propeller (opens in a new tab).

Recorded state
Alaska
Bond type
Wage & Fringe Benefits Bond
Category
Employment, wages & benefits

What this bond does

This bond offering is identified with Local 1547 electrical funds and fringe benefits. Use the required form to define the employer contributions secured; the title does not establish that direct wages or every benefit plan are included.

Who needs it
An employer asked to furnish payment security for the Local 1547 fund or fringe-benefit obligation named in its request.
Who it protects
The fund, trustees or other obligees named in the accepted form receive the security for the employer's undertaking. Copy their legal names from the request instead of using an employee's name or a job owner's name.

Your bond option

This is the option on record for this bond.

The bond amount describes the limit of the bond obligation, not the price. A listed amount does not establish what the requesting party requires. The premium is what you pay and must be confirmed for the actual option. An E&O limit, where listed, is separate errors and omissions insurance.

Identify the electrical funds being secured

Keep the fund's remittance instructions with the agreement and bond request. Identify the employer account and the contributions the request covers. A general reference to Local 1547 is not a complete beneficiary schedule.

A fund contribution bond does not replace ERISA fidelity protection for dishonest handling of plan assets or an employee's health insurance. A construction payment bond also has a separate project obligation. Check the requested instrument before treating any existing bond as a substitute.

Sources

Have these ready

  1. The electrical-funds security request and required bond form.
  2. Employer legal name and relevant fund reporting or account reference.
  3. Agreement and contribution instructions for the payments being secured.
  4. Exact fund or trustee names, requested amount and effective period.
  5. Post-issuance signature and delivery directions from the receiving office.

Questions about this bond

Does this automatically secure employee wages too?

The offering names electrical funds and fringe benefits. Read the employer's requested form to determine whether wages are included; do not infer broader coverage from another wage-and-welfare bond.

Should I name Local 1547 or a separate fund?

Follow the beneficiary wording supplied for your request. A union reference, fund name and trustee designation can describe different parties and should not be interchanged.

Where do I find the required security amount?

Use the fund or agreement instructions for your employer. This option has no stated amount or term, and the size of a construction job does not establish the contribution security needed.

What follows the online application?

Purchase Now opens Propeller in a new tab. The provider reviews the application before issuance. Then check the issued bond, complete required execution and send it to the designated fund office. Keep its acknowledgment with your contribution records.

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