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Texas bonds

Texas — IBEW Local No. 20 Welfare Funds Bond

Prepare your employer's Local 20 welfare-funds request before starting the application. Purchase Now takes you to the provider for this Texas fund-security offering.

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

Recorded state
Texas
Bond type
Wage, Welfare & Union Benefits Bond
Category
Employment, wages & benefits

What this bond does

The offering concerns the employer's payment undertaking to the welfare funds identified in the required form. Its Local 20 name does not establish that every benefit fund or direct wage payment is included.

Who needs it
The employer asked to furnish IBEW Local 20 welfare-fund security under its applicable agreement.
Who it protects
Use the legal fund or trustee designations in the security request. The employer is the applicant; the form identifies the interests protected against its payment default.

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 fund contributions distinct from employee benefits

Bring the welfare remittance instructions and employer account reference into the application. They explain the contribution obligation without using an employee's individual coverage record as the bond request.

The fund's benefit program supplies its stated benefits. This security addresses employer payments, while ERISA fidelity protection addresses dishonest handling of plan assets. A construction payment bond serves a separate project obligation.

Sources

Have these ready

  1. Employer legal name and applicable agreement.
  2. The Local 20 welfare-fund security demand.
  3. Contribution instructions and employer reporting reference.
  4. Required fund names, form, sum and effective dates.
  5. Execution and delivery directions for the issued bond.

Questions about this bond

Should I list the local or the welfare funds?

Copy the required beneficiary wording from the form. A local number does not replace the complete legal names of funds or trustees.

Does the offering include direct wages?

Its title identifies welfare funds. Check the requested undertaking for any wage inclusion rather than carrying over coverage from a wage-and-welfare bond.

Which amount and term do I enter?

Use the employer's current security request. Neither is stated here, so do not assume a fixed sum or automatic annual period.

How do I proceed?

Select Purchase Now to open Propeller in a new tab. After the application and issuance, check the document and complete required execution and fund delivery. Starting the application does not establish acceptance.

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