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Iowa bonds

Iowa — IBEW Local 145 Union Wage & Benefits Bond

Prepare the Local 145 employer wage and benefit request with the applicable Iowa agreement and fund details. Select Purchase Now to start the provider application.

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Recorded state
Iowa
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The offering addresses the employer payments secured by the required Local 145 instrument.

Who needs it
The employing business asked to furnish the union wage/benefit undertaking.
Who it protects
Use the exact union, fund or trustee beneficiaries. Union Wage & Benefits does not by itself enumerate every plan or covered payment.

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 which benefits the wage request includes

Keep the wage schedule and applicable benefit contribution instructions with the written demand. They help distinguish direct payroll from fund remittances instead of treating benefits as one undifferentiated payment.

The employer security is separate from employee policies and ERISA fidelity protection for plan-asset dishonesty. A construction payment bond also concerns a different project obligation.

Sources

Have these ready

  1. Employer legal identity and Local 145 agreement.
  2. Current wage/benefit security demand.
  3. Wage schedule and fund reporting details.
  4. Full recipients, required form, amount and dates.
  5. Execution and recipient delivery directions after issuance.

Questions about this bond

Does Benefits mean every related plan?

Read the required instrument for the contributions and beneficiaries actually included. The broad word does not establish all-plan protection.

Are the employer and employee the same bond party?

Use the employer owing the secured payments as applicant. The protected payment recipients are identified separately in the form.

Is an amount or annual term stated?

Neither is stated. Follow the current employer request rather than assuming another Iowa electrical local's sum or period.

How do I apply?

Purchase Now opens Propeller in a new tab. Provide the employer and request details. After issuance, check the bond and complete required execution and delivery. Applying does not establish recipient acceptance.

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