Skip to content

Indiana bonds

Indiana — Operators Union Bond / IUOE Local 103 Wage And Welfare

Prepare the IUOE Local 103 employer wage/welfare demand with the Indiana operating-engineers agreement. Purchase Now opens the application for labor-payment security.

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

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

What this bond does

The required form identifies the employer wages and welfare remittances secured. Operators Union in this title is not an individual equipment-operator credential.

Who needs it
The employing business responsible for labor payments in the actual IUOE Local 103 request.
Who it protects
Use the complete required wage, union, fund or trustee beneficiaries. Employer security is different from employee insurance or a guarantee of equipment operation.

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.

Prepare the employer request rather than an operator or machine record

Bring the employer agreement and payroll/fund reporting instructions with the demand. An operator's membership name or equipment identification does not supply the legal employer and complete recipients required by the form.

Keep the actual wage/welfare instrument distinct from equipment records and a project's construction payment bond. The labor request does not determine an operator's license or work authorization.

Sources

Have these ready

  1. Required legal employer and Local 103 agreement.
  2. Current IUOE wage/welfare demand.
  3. Payroll and employer welfare contribution-reporting details.
  4. Complete beneficiaries, required instrument, requested sum and dates.
  5. Post-issuance execution and recipient delivery directions.

Questions about this bond

Is Operators Union an individual operator-license bond?

The recorded request is IUOE Local 103 wage/welfare security. Use the actual employer labor demand, not a personal credential or machine record.

Does applying settle the employer's labor payments?

The employer's wages, remittances and reports remain separate duties under its agreement. Arranging security does not discharge them.

Does this replace ERISA fidelity protection?

Protection against dishonest handling of plan assets differs from employer wage/welfare payments. The union request does not establish fidelity compliance.

How do I begin?

Purchase Now takes you to Propeller in a new tab. Enter the employer and complete IUOE request. Review any issued bond and arrange required execution and submission. Applying does not establish recipient acceptance.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us