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Louisiana — IBEW Local Union 130 Wage And Welfare Bond

Use your current IBEW Local Union 130 employer agreement to prepare wage and welfare security in Louisiana. Bring the bond request into the provider application through Purchase Now.

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

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

What this bond does

The Local 130 wage and welfare offering concerns the employer's payment undertaking. The agreement and bond form determine the wages and benefit remittances secured, including who receives the protection.

Who needs it
An employing business arranging the Local 130 security requested under its applicable labor agreement.
Who it protects
The bond protects the payment interest described for its named obligees. Identify wage recipients and any welfare funds separately so the proposed instrument follows the actual request.

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.

Work from the agreement that applies to your company

Keep the agreement version or effective period with the bond instructions. An older agreement or another IBEW local's wage schedule should not determine this employer's security. Bring the requested amount and fund wording into the application rather than estimating them from payroll alone.

The employer remains responsible for wage payments, contributions and reports while arranging security. A bond application does not reconcile an overdue balance or establish that the employer has fulfilled its agreement.

Sources

Have these ready

  1. Current Local 130 agreement reference and written bond request.
  2. Applying employer's legal name and business address.
  3. Covered wage and welfare remittance details.
  4. Recipient names and the form, sum and dates requested.
  5. Instructions for checking, executing and delivering an issued bond.

Questions about this bond

Can I use a Local 130 agreement I saved years ago?

Check that its version and work scope match your current request. Do not carry forward an old security amount or fund designation without that comparison.

Does the bond provide employee insurance?

It secures the employer payment undertaking in the form. Employee insurance supplies its policy benefits, ERISA fidelity coverage concerns dishonest handling of plan assets, and a construction payment bond concerns a project contract.

Is a fixed amount or term available here?

The option does not state either. Use the employer's current security request for those entries and check them on the proposed bond before issuance.

How do I apply for the wage and welfare bond?

Select Purchase Now to open Propeller's Local 130 application in a new tab. Applying is the first step. After issuance, complete the required signatures and delivery and retain the receiving office's acceptance.

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