New York — IBEW Local Union 106 Wage And Fringe Benefits Bond
Wages and fringe contributions may be owed to different recipients under the same agreement.
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- Recorded state
- New York
- Bond type
- Wage & Fringe Benefits Bond
- Category
- Employment, wages & benefits
What this bond does
Wages and fringe contributions may be owed to different recipients under the same agreement. These forms may secure employee payments, benefit, or tax contributions, or obligations connected to labor services.
- Who needs it
- Employers, labor contractors, staffing businesses, and payroll or employee-leasing providers.
- Who it protects
- A wage or contribution bond is different from employee dishonesty coverage and from workers’ compensation insurance.
Your bond option
This is the option on record for this bond.
- Bond optionPurchase Now (opens in a new tab)Continue to our secure checkout partner, Propeller (opens in a new tab).
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.
Have these ready
- Bring wage schedules and benefit-fund remittance terms.
- Identify the employer of record and the party requesting security.
- Bring the wage agreement, contribution notice or labor-services licensing request.
- Have the legal applicant name, named recipient and requested form available.
- Keep the requested amount and effective period separate from the premium quoted for your application.
Questions about this bond
Which employee payments and benefit contributions are named?
Bring wage schedules and benefit-fund remittance terms. Match the applicant’s role and covered activity to the written request before selecting a form.
Which employer and payment obligation should I identify?
Name the employer or service provider responsible for the payment and the recipient. Wages, union benefit contributions, and self-insured claims can use different forms. Employee dishonesty protection addresses a different risk.
How much will I pay?
The bond amount is the sum of the obligation or protection, not the purchase price. Review the premium and application conditions with the provider before paying. Any separately stated E&O limit is insurance coverage.
What happens after I select Purchase Now?
You continue to the provider in a new tab. Review the applicant, form, amount and effective dates before completing your application. Keep the issued document and deliver it using the requesting party’s instructions; payment alone does not grant a license or permit.