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Kentucky bonds

Kentucky — IBEW Local No. 369 Wage And Fringe Benefits Bond

Bring the IBEW Local 369 employer wage/fringe demand to Purchase Now with its agreement and fund entries. The Kentucky location label does not identify a state-government obligee for this union request.

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

What this bond does

The actual Local 369 instrument defines employer wages and benefit remittances secured. Kentucky's separately published employer wage form does not establish this union undertaking.

Who needs it
The employing business responsible under its Local 369 agreement and written labor-payment demand.
Who it protects
Retain the full required wage, union, fund or trustee names. This labor security does not purchase employee insurance or insure the electrical project's completion.

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.

Do not import the state's parties or continuing terms into Local 369

Kentucky's official employer wage-security form names the Education and Labor Cabinet and sets out its own continuing conditions. That document does not identify the required Local 369 fund parties or establish a term for this option.

Use the actual union demand instead of copying a state payroll formula or continuation provision. Nor does construction payment security for a job automatically meet the employer wage/fringe instrument.

Sources

Have these ready

  1. Legal employer and applicable Local 369 agreement.
  2. Complete union wage/fringe request, distinct from any Cabinet demand.
  3. Payroll and required employer fund-reporting references.
  4. Exact beneficiaries, requested form, sum and security period.
  5. Execution and submission directions for the issued instrument.

Questions about this bond

Should the Kentucky Cabinet be the obligee?

Use the actual Local 369 instrument's legal entries. The Cabinet is named in a separate official employer wage form; the state label alone does not transfer that party here.

Is this option automatically continuous?

No term is supplied by this option. The separate state form's continuing provisions do not establish the Local 369 undertaking's duration.

Does an ERISA fidelity bond meet the same duty?

Protection against dishonest use of plan assets differs from employer wages and contributions. Do not assume either instrument replaces the other.

How do I start online?

Purchase Now opens Propeller in a new tab for the recorded Local 369 application. Provide the employer's full union request, check the issued form and complete its required execution and delivery. Applying is not fund or state acceptance.

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