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West Virginia bonds

West Virginia — IBEW Local No. 466 Wage & Welfare Bond

Prepare the IBEW Local 466 employer wage/welfare request with the agreement and required union/fund wording. Purchase Now begins this West Virginia application.

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

What this bond does

The required Local 466 instrument defines the employer wages and welfare remittances secured. Do not identify its recipients from a state wage-bond form alone.

Who needs it
The employing electrical business furnishing security for the particular Local 466 demand.
Who it protects
Use the exact union, fund or trustee beneficiaries required by the instrument. Employer payment security is different from employee insurance.

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.

Distinguish the union recipients from the state wage-bond payee

West Virginia's employer wage-bond statute names the State of West Virginia as payee. That statutory wording does not identify the legal funds or trustees required for this Local 466 request.

Keep any state request separate from the employer's union agreement and remittance demand. This page does not determine whether the statutory obligation applies to you or whether one instrument satisfies both requests.

Sources

Have these ready

  1. Employer legal identity and Local 466 agreement.
  2. Current union wage/welfare demand and required form.
  3. Payroll and fund reporting references.
  4. Full legal beneficiaries, requested sum and effective dates.
  5. Post-issuance execution and the actual recipient's delivery directions.

Questions about this bond

Should I simply name the state as beneficiary?

Follow the Local 466 demand and required instrument. The statutory state payee does not supply this union request's beneficiary schedule.

Does a project payment bond automatically meet the demand?

Compare its obligation and recipients with the required union form. A project construction payment undertaking is not an automatic substitute.

Does this satisfy ERISA fidelity requirements?

Employer wages and welfare remittances differ from protection against dishonest handling of plan assets. The union contribution request does not establish a plan's separate fidelity arrangements.

How do I apply?

Purchase Now opens Propeller in a new tab. Provide the employer and complete Local 466 request. Review any issued instrument and complete required execution and submission. Applying does not establish recipient acceptance.

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