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Ohio — IBEW Local No. 306 Wage And Fringe Benefits Bond

Prepare the employer's Local 306 wage and fringe security with the current Ohio agreement and fund demand. Purchase Now starts the provider application.

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

What this bond does

The offering addresses the employer payments secured by the required Local 306 instrument.

Who needs it
The employing entity responsible for the requested wages and benefit remittances.
Who it protects
Use the actual union, fund or trustee beneficiary names. A Local 306 reference does not establish which individual funds are included.

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.

Match the request's payment period and recipients

Keep the agreement reference, wage schedule and fringe reporting instructions with the demand. Check which employer account and security period it addresses before entering effective dates.

The bond does not replace payroll or fund reporting. Construction payment bonds, employee insurance and ERISA fidelity protection also concern different undertakings from employer wage/fringe security.

Sources

Have these ready

  1. Employer legal identity and Local 306 agreement.
  2. Current wage/fringe demand and required form.
  3. Applicable payroll and contribution reporting details.
  4. Full recipients, requested amount and effective period.
  5. Execution and recipient delivery instructions after issuance.

Questions about this bond

Does an older bond establish the current period?

Compare it with the current employer request and proposed instrument. Do not assume unchanged dates, beneficiaries or automatic continuation.

Does the application replace contribution reports?

Required employer payments and reporting continue. An application does not establish that wages or fund remittances have been paid.

Is a set sum or annual term shown?

Neither is stated here. Use this employer's demand instead of copying another Ohio electrical local's amount.

How do I begin?

Purchase Now opens Propeller in a new tab. Submit the employer and request details. After issuance, check the bond and complete required execution and delivery; acceptance follows separately.

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