Illinois Int'l Assoc. of Bridge, Structural, Ornamental & Reinforcing Iron Workers Local No. 1 Bond
Overview
Working under a collective bargaining agreement with Iron Workers Local No. 1 in Illinois? This bond is a contractual requirement that protects union members by guaranteeing that employers honor their wage, welfare, and benefit obligations under the Local No. 1 agreement. If your company signs on to employ iron workers covered by this local, you will be required to post this bond before work begins. It signals to the union and its members that your financial commitments are backed.
Who Needs This Bond?
Contractors, subcontractors, and construction companies that employ journeymen or apprentices represented by the International Association of Bridge, Structural, Ornamental & Reinforcing Iron Workers Local No. 1 in Illinois need this bond. Structural steel erectors, ornamental iron fabricators, and reinforcing iron contractors entering into a labor agreement with Local No. 1 are the most common applicants. If your firm has signed or is about to sign a collective bargaining agreement with this specific local union, this bond is required of you.
What is this Bond For?
This bond guarantees that a signatory employer will pay all wages, fringe benefits, and union fund contributions owed to iron workers under the Local No. 1 collective bargaining agreement. If an employer fails to make those payments — whether wages, health and welfare premiums, pension contributions, or training fund payments — the bond provides a financial backstop that can be called upon by the union. It protects workers and the trust funds they depend on, not the employer.
When is it Required?
Before you put iron workers on the job under a Local No. 1 agreement, the union will require this bond to be in place. The request typically comes when you execute your collective bargaining agreement or when you register as a signatory contractor with the local. You cannot begin covered work without satisfying this bonding requirement first.
Where Does it Apply?
This bond is statewide in Illinois and is specific to employers who have a labor relationship with Iron Workers Local No. 1. It is not a state-issued license bond — it is a contractual obligation flowing directly from your agreement with this particular local union. Employers performing covered work anywhere in Local No. 1's jurisdiction in Illinois must maintain it.
How to Buy Online
Click 'Buy This Bond Online' on this page and you will be taken to the secure surety portal in a new tab, where you can complete your application quickly. Answer the questions about your company and the bond amount required by Local No. 1, then submit. Your bond documents can be issued and delivered without waiting on an agent callback.
Why Bond Titan?
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