California — IBEW Local No. 551 Wage And Fringe Benefits Bond
Prepare the IBEW Local 551 employer wage/fringe request with the California agreement and actual fund instructions. Purchase Now starts the provider application.
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- Recorded state
- California
- Bond type
- Wage & Fringe Benefits Bond
- Category
- Employment, wages & benefits
What this bond does
The required union instrument defines the employer labor payments secured. A contractor licensing document does not by itself define this Local 551 undertaking.
- Who needs it
- The employing electrical business responsible for the payments in the actual union demand.
- Who it protects
- Use the full required wage, fund or trustee beneficiaries. The security request does not provide an employee insurance policy.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Sources
- CSLB: LLC and contractor licensing bond context (opens in a new tab)Checked October 23, 2026
- Texas Department of Insurance: general surety and project-bond purposes (opens in a new tab)Checked October 23, 2026
Have these ready
- Legal employer and Local 551 agreement.
- Current union wage/fringe demand and required form.
- Payroll and employer fund reporting references.
- Complete beneficiaries, requested sum and dates.
- Post-issuance execution and union/fund submission directions.
Questions about this bond
Does a CSLB bond automatically satisfy Local 551?
Compare the actual union instrument and payment undertaking. Licensing security alone does not establish the required union form or acceptance.
Does a customer's project payment bond cover this demand?
The particular employer labor payments and beneficiaries must match. A construction project bond is not an automatic substitute.
Does this provide plan-asset fidelity protection?
Fidelity addresses dishonest handling of plan assets, distinct from employer wage/fringe payments. The union request does not determine a plan's separate fidelity requirements.
Where do I begin online?
Purchase Now opens Propeller in a new tab. Supply the employer and complete Local 551 request. Check any issued bond and complete required execution and recipient delivery. Applying is not acceptance.