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Massachusetts bonds

Massachusetts — IBEW Local No. 103 Fringe Benefits Bond

Have a Local 103 employer fringe-security request? Keep the Massachusetts agreement and employer fund-account details ready before starting through Purchase Now.

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

What this bond does

The requested Local 103 instrument defines the employer benefit contributions being secured.

Who needs it
The employing business asked to furnish the fringe remittance undertaking identified in the demand.
Who it protects
Use the full required fund or trustee wording. A worker's benefit enrollment and the employer contribution account serve different identification purposes.

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.

Bring the employer fund-account reference

Keep the agreement and security demand with the contribution/reporting instructions. This identifies the legal employer and relevant fund payments rather than relying on an individual employee's benefit card or a general electrical trade description.

The fringe title does not establish direct wage inclusion. Employee insurance, ERISA fidelity protection against dishonest handling of plan assets and a construction payment bond also address separate obligations.

Sources

Have these ready

  1. Employer identity and Local 103 agreement.
  2. Current fringe-security demand and required instrument.
  3. Contribution instructions and employer account reference.
  4. Complete beneficiaries, requested amount and dates.
  5. Post-issuance execution and fund delivery directions.

Questions about this bond

Is a worker's benefit card enough to identify the request?

Use the employer account, written demand and required legal fund wording. Employee enrollment does not define the full contribution undertaking.

Does the fringe title also secure payroll?

Read the requested instrument for any additional wage promise. Fringe benefits alone do not establish direct wage protection.

Is a standard Local 103 sum or term listed?

Neither is stated. Use the current employer request rather than another Massachusetts trade or fund's security schedule.

How do I apply online?

Purchase Now takes you to Propeller in a new tab. Provide the employer and fund-request details. Check any issued instrument and complete required execution and recipient submission. Starting online is not acceptance.

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