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Texas bonds

Texas — IBEW Local No. 527 Wage And Welfare Bond

Use the employer's Local 527 agreement and security request to prepare this Texas wage and welfare bond application. Purchase Now continues to the provider.

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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 wage and welfare payments secured by the requested Local 527 instrument. The employer remains responsible for the underlying payments and reporting.

Who needs it
The business asked to furnish security for its Local 527 employer undertaking.
Who it protects
Copy the union, fund or trustee recipients from the required form. An employer's business address and a job location do not determine the complete 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 the agreement and security period together

Bring the current agreement reference, written request and any employer reporting number. Check which payment period and recipients the security demand addresses before entering the requested effective dates.

A state label identifies this offering, not a universal Texas requirement for electrical employers. Use the Local 527 request to distinguish the undertaking from a contractor license or construction payment bond.

Sources

Have these ready

  1. Employer legal identity and Local 527 agreement.
  2. Current bond request and required form.
  3. Wage schedule and welfare remittance details.
  4. Exact recipients, requested sum and security period.
  5. Post-issuance execution and delivery instructions.

Questions about this bond

Is this required for every Texas electrical business?

Your employer agreement or written security demand establishes the request. The Texas offering label alone does not establish a statewide wage/welfare requirement.

Does it replace employee insurance or ERISA fidelity?

It addresses employer payments. Employee insurance supplies its policy benefits, while ERISA fidelity concerns dishonest handling of plan assets. Those protections do not establish the requested wage/welfare undertaking.

Is an annual term or fixed sum stated?

Neither is stated here. Use the current request for both and check the resulting instrument rather than assuming automatic annual coverage.

What follows the provider handoff?

Purchase Now opens Propeller in a new tab for the application. Once issued, check the bond, complete any required execution and deliver it to the requesting office. Application, issuance and acceptance are separate.

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