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Indiana bonds

Indiana — IBEW Local No. 873 Wage And Fringe Benefits (1-15 Employees) Bond

Have the Local 873 employer wage/fringe request labeled 1–15 Employees? Keep that band with the Indiana agreement and actual count basis for Purchase Now.

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

What this bond does

The required instrument identifies employer wages and benefit remittances secured. The 1–15 qualifier refers to employees, not insured family members, plans, a sum or a term.

Who needs it
The employer whose actual Local 873 wage/fringe demand matches this employee-count offering.
Who it protects
Retain the complete required wage, fund or trustee entries. Employee counting and fringe remittances do not make this worker insurance or an all-plan guarantee.

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.

Use the requested employee count rather than insured lives

Bring the actual required count basis/date with the agreement, payroll and contribution records. A benefits statement listing participants and dependents does not establish the employee-count method for this instrument.

Do not assume full-time equivalents, owner/temporary-worker treatment, zero-employee eligibility or the same request above fifteen. Keep the actual employer wage/fringe demand and count definition together; no staffing-change procedure is verified here.

Sources

Have these ready

  1. Legal employer and actual Local 873 agreement.
  2. Complete wage/fringe request retaining 1–15 Employees.
  3. Required employee-count basis/date, payroll and contribution reports.
  4. Full legal recipients, instrument, requested sum and dates.
  5. Issued-bond execution and recipient submission directions.

Questions about this bond

Can I derive the employee count from insured family members?

Use the instrument's actual employee definition and count method. A benefits statement's covered-lives total does not establish it.

Does the band establish zero or above-fifteen eligibility?

That is not established by the recorded 1–15 range. Match the actual request without assuming an extension or a particular staffing adjustment.

Is this equivalent to ERISA fidelity or project payment security?

Plan-asset dishonesty protection and project payment duties differ from employer wages/contributions. Neither is automatically this employee-qualified request.

How do I apply with the employee qualifier?

Purchase Now opens Propeller in a new tab. Provide the full Local 873 employer demand and actual count basis, check the issued form and complete required signing and delivery. Applying does not establish count eligibility or recipient acceptance.

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