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Michigan bonds

Michigan — Electrical Workers' Insurance Fund / Local No. 58 Fringe Benefits Bond

Prepare the Electrical Workers' Insurance Fund/Local 58 employer fringe request. Have the Michigan agreement and fund remittance instructions ready when selecting Purchase Now.

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

What this bond does

The requested fringe instrument identifies the employer contributions being secured. Insurance Fund is part of the recorded fund context, not a description of an employee policy purchased through this bond application.

Who needs it
The employing business asked to furnish security for the fund contributions named in its demand.
Who it protects
Follow the complete required fund or trustee wording. An employee's policyholder or enrollment name does not replace the legal beneficiary designation.

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.

Distinguish fund contributions from employee insurance

Bring the fund bond demand and employer reporting reference with the applicable agreement. Use those instructions to identify the payments and recipients instead of treating Insurance Fund in the title as a new employee coverage selection.

Employer contribution security also differs from ERISA fidelity protection against dishonest handling of plan assets and a construction project payment bond. The fringe title does not establish direct wage inclusion.

Sources

Have these ready

  1. Employer legal identity and applicable Local 58 agreement.
  2. Electrical Workers' Insurance Fund security demand.
  3. Contribution and employer reporting references.
  4. Full legal recipients, form, requested sum and dates.
  5. Execution and fund delivery instructions after issuance.

Questions about this bond

Am I buying an employee insurance policy here?

This offering concerns the employer fringe undertaking in the requested instrument. Employee enrollment, benefit claims and plan-asset fidelity are separate matters.

Should an employee be named instead of the fund?

Use the exact legal fund or trustee beneficiary wording required by the form, together with the employer principal.

Is an amount or term shown for the fund?

Neither is supplied here. Use the current employer security request rather than an employee coverage amount or another electrical fund's entries.

How do I begin online?

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

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