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Pennsylvania bonds

Pennsylvania — IBEW Local Union No 712 Wage And Fringe Benefits Bond

Prepare the Local 712 employer wage and fringe benefit request before you apply. Purchase Now opens the provider application for this Pennsylvania offering.

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

This security concerns the employer's wage and fringe payment undertaking associated with IBEW Local 712. The requested form identifies covered payments and recipients.

Who needs it
The employer responsible for the agreement payments being secured, rather than an employee seeking personal coverage.
Who it protects
Use separate, accurate names for the applying employer and each required union, fund or trustee recipient. A remittance account can help the receiving office identify the obligation but is not a substitute for legal beneficiary wording.

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 reporting connected to the request

Bring the agreement reference, relevant wage schedule and benefit remittance instructions together. They help explain which employer payments need security without assuming every fund associated with the local is included.

Arranging a bond does not pay payroll or reconcile an unpaid contribution balance. Continue the employer's payment and reporting duties while the provider handles the application.

Sources

Have these ready

  1. Employer legal name and Local 712 agreement.
  2. Written security demand and requested form.
  3. Wage schedules and applicable fund reporting details.
  4. Beneficiary names, security amount and effective period.
  5. Execution and recipient delivery instructions for the issued document.

Questions about this bond

Are all Local 712 benefit funds automatically included?

Read the form and beneficiary schedule. A reference to the local does not establish every fund protected by this employer's bond.

Is this employee insurance or fidelity coverage?

It secures employer payments. Employee insurance supplies its policy benefits; ERISA fidelity concerns dishonest handling of plan assets. A construction payment bond also has a separate project purpose.

What sum and dates should I use?

Use the current employer request. No amount or term is stated in this option, and payroll totals alone do not establish the required bond sum.

What follows Purchase Now?

Propeller opens in a new tab. Complete the employer application, then check the bond after issuance and follow the execution and delivery directions. Keep the recipient's acceptance with the agreement records.

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