Skip to content

Pennsylvania bonds

Pennsylvania — IBEW Local No. 654 Wages And Fringe Benefits Bond

Prepare Local 654 employer wage and fringe security with the Pennsylvania agreement and payment request. Purchase Now begins the provider application.

Continue to our secure checkout partner, Propeller (opens in a new tab).

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

What this bond does

The offering concerns the wages and fund remittances secured by the requested Local 654 instrument.

Who needs it
The employing business responsible for those agreement payments.
Who it protects
Identify wage recipients and benefit interests as the form requires. A fund reporting address is not necessarily the complete legal beneficiary name.

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 payroll and fund recipient information distinct

Bring the wage schedule and fringe remittance instructions with the bond demand. They help identify the employer's different payment duties without treating the payroll account and each fund as one recipient.

Security for those payments is separate from employee insurance, ERISA fidelity protection against dishonest handling of plan assets and a construction payment bond for an electrical project.

Sources

Have these ready

  1. Employer legal name and Local 654 agreement.
  2. Current bond demand and required form.
  3. Applicable payroll and fund reporting details.
  4. Complete beneficiaries, requested amount and dates.
  5. Execution and delivery instructions for after issuance.

Questions about this bond

Can I list only the local office address?

Use the legal beneficiary wording in the required instrument, including any separate funds or trustees. Delivery details and beneficiary names perform different jobs.

Does security replace the employer's payments?

Required wages, contributions and reports remain the employer's responsibility. An application is not payment of those obligations.

What amount and term are available here?

The option states neither. Use the current Local 654 employer request rather than another Pennsylvania electrical local's schedule.

How do I start?

Purchase Now opens Propeller in a new tab. Apply with the employer and request details. After issuance, check the document and complete required execution and submission. Recipient acceptance is separate.

Related bonds

Keep exploring

How can we help you get started?

Choose the quote that fits, and we’ll take it from there.

Have a question? Contact us