Illinois IBEW Local No. 117 Wage and Fringe Benefits Bond
Overview
Get bonded with the Illinois IBEW Local No. 117 Wage and Fringe Benefits Bond and demonstrate your commitment to paying union members every dollar they've earned. This bond protects IBEW Local No. 117 workers and the union by guaranteeing that wages, health benefits, pension contributions, and other fringe benefits are paid in full and on time. Electrical contractors working under a Local No. 117 collective bargaining agreement are required to carry this bond as a condition of operating under the union contract in Illinois.
Who Needs This Bond?
Electrical contractors who have signed or are signing a collective bargaining agreement with IBEW Local No. 117 in Illinois need this bond. If your company employs IBEW Local No. 117 members on any job site covered by that agreement, the union will require you to be bonded before you put those workers on the clock. This is not a state license bond — it is a labor agreement obligation enforced directly by the union.
What is this Bond For?
This bond exists to protect IBEW Local No. 117 members from unpaid wages and missing fringe benefit contributions. If a bonded contractor fails to pay wages, health insurance contributions, pension payments, or other benefit fund obligations required under the collective bargaining agreement, the union or the benefit funds can file a claim against the bond to recover those amounts. It is a financial guarantee that workers and their benefit funds will be made whole even if the employer defaults.
When is it Required?
Signing a collective bargaining agreement with IBEW Local No. 117 is the moment this bond becomes mandatory. Before you can dispatch union electricians to your job sites, Local No. 117 will require proof of this bond. If your current bond lapses or is cancelled, your authorization to use IBEW Local No. 117 labor may be suspended until you provide a valid replacement bond.
Where Does it Apply?
This bond is specifically tied to IBEW Local No. 117's jurisdiction in Illinois and applies to all job sites where you deploy members of that local. It is a union-specific requirement, not a statewide licensing requirement issued by an Illinois state agency. Your obligation runs directly to IBEW Local No. 117 and the associated benefit funds named in the collective bargaining agreement.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab, where you can complete your application and purchase this bond quickly. Have your business information ready along with your IBEW Local No. 117 agreement details, and follow the guided steps to get your bond issued. Once approved, you'll receive your bond document ready to submit directly to the union.
Why Bond Titan?
Bond Titan makes it fast and straightforward to get your IBEW Local No. 117 Wage and Fringe Benefits Bond without waiting on an agent callback or sitting on hold. Our nationwide surety bond catalog is powered by The Southern Agency, giving you the buying experience of a full-service agency with the speed of an online storefront. Buy your bond, download your document, and get back to running your electrical contracting business.