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New Jersey bonds

New Jersey — IBEW Local No. 164 Wage And Welfare Bond

Prepare the employer's Local 164 wage and welfare security with the agreement and fund request that apply to your work. Purchase Now opens the provider application for this New Jersey offering.

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

What this bond does

The bond addresses the employer payment undertaking described in the Local 164 instrument. It secures the stated wages or welfare obligations for the named recipients.

Who needs it
The employing business asked to provide Local 164 payment security.
Who it protects
Use the required union, fund or trustee names. The employer's license identity and the bond's protected-party wording have separate roles.

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.

Keep the applicable work and agreement identified

Bring the agreement reference and any work classification identified in the security demand. The wage schedule and welfare reporting instructions help explain the payments being secured without assuming every Local 164 employer has identical obligations.

This employer security differs from a construction payment bond, employee insurance and ERISA fidelity protection for plan-asset dishonesty. Keep each undertaking separate when checking existing coverage.

Sources

Have these ready

  1. Employer legal name and applicable Local 164 agreement.
  2. Written security request and required form.
  3. Relevant wage schedule and welfare remittance details.
  4. Exact recipients, requested sum and effective dates.
  5. Instructions for execution and delivery after issuance.

Questions about this bond

Does every New Jersey electrical employer need this?

The employer agreement or written request establishes the obligation. The state label does not establish a universal Local 164 requirement.

Are all welfare funds included?

Check the beneficiary wording and secured payments in the form. A local reference does not name every protected fund.

What amount and period should I request?

Use the current demand for this employer. Neither is stated here, and another electrical employer's security is not proof of the amount needed.

How do I start?

Purchase Now opens Propeller in a new tab. Submit the employer and request information. After issuance, check the bond and complete required execution and recipient delivery. Beginning the application is separate from acceptance.

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