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Texas bonds

Texas — IBEW Local No. 520 Wage Welfare Bond

Prepare the Local 520 employer wage/welfare request with the Texas agreement and fund instructions. Purchase Now begins the provider application.

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

What this bond does

The offering concerns the employer payment undertaking specified by the required Local 520 instrument.

Who needs it
The business responsible for the wages and welfare remittances named in the demand.
Who it protects
Use the complete union, fund or trustee beneficiaries rather than the employer's project customer or electrical licensing office.

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 the payment instructions with the security demand

Bring the agreement reference, wage schedule and welfare reporting details together. The employer's labor-payment request establishes the relevant undertaking; an electrical license or job permit does not supply that information.

The employer still owes its agreement payments while arranging security. Employee insurance, ERISA fidelity protection for plan-asset dishonesty and construction payment bonds address different risks.

Sources

Have these ready

  1. Employer legal name and Local 520 agreement.
  2. Current union/fund bond demand.
  3. Wage schedule and welfare reporting reference.
  4. Required beneficiaries, form, sum and dates.
  5. Post-issuance execution and submission directions.

Questions about this bond

Does a Texas electrical license establish this requirement?

Use the employer agreement or specific security demand. The state and trade context alone do not establish a universal Local 520 obligation.

Does applying establish paid wages or welfare?

An application is separate from payroll and fund remittances. The employer must continue required payments and reports.

Is an amount or annual period already selected?

Neither is stated here. Use this employer's demand rather than an assumed annual term or another IBEW local's amount.

How do I start online?

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

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