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Illinois bonds

Illinois — IBEW Local No. 117 Wage And Fringe Benefits Bond

Prepare the IBEW Local 117 employer wage/fringe request with the Illinois agreement and required legal business entries. Purchase Now begins the application.

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

What this bond does

The required instrument defines the employer wages and contributions secured. A trading name or contribution-account login does not by itself identify its legal principal.

Who needs it
The employing business responsible for the payments in the actual Local 117 demand.
Who it protects
Use the full required wage, union, fund or trustee beneficiaries. This payment security does not provide employee insurance or guarantee electrical installation work.

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.

Bring the agreement and demand with the employer's required legal entries. A DBA, reporting login or familiar trading label is not a substitute for the complete principal wording required by the form.

Include a trading name only as the request calls for it. This guide does not determine that a name change is a new entity or that related businesses are automatically covered.

Sources

Have these ready

  1. Required legal employer and Local 117 agreement.
  2. Current wage/fringe demand and any required trading-name entries.
  3. Payroll and employer contribution account/reporting references.
  4. Full beneficiaries, required form, requested sum and dates.
  5. Post-issuance execution and fund submission instructions.

Questions about this bond

Can I enter a DBA or account login alone?

Use the required legal principal wording. A reporting or trading label alone does not supply every legal entry the form calls for.

Are related businesses included automatically?

Use the parties and scope of the actual request. A common trading name or account does not establish affiliate coverage.

Is project payment or ERISA fidelity security equivalent?

Construction payments and protection against dishonest handling of plan assets differ from employer wage/fringe obligations. They are not automatic substitutes.

Where do I start online?

Purchase Now opens Propeller in a new tab. Supply the employer and complete Local 117 request. Check any issued document and complete required execution and delivery. The application is not recipient acceptance.

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