Indiana IBEW Local No. 668 Wage & Fringe Benefits Bond
Overview
Signing a labor agreement with IBEW Local No. 668 in Indiana means you have committed to paying union wages and fringe benefits on time and in full. This bond backs that commitment with a financial guarantee, protecting union members if a contributing employer falls short. It is required by the union as a condition of working under the collective bargaining agreement, not by a state agency. Get it in place before you put workers on the job.
Who Needs This Bond?
If you are a contractor or employer who has entered into a collective bargaining agreement with Indiana IBEW Local No. 668, this bond is required of you. It applies to electrical contractors and other signatory employers who owe regular contributions to the union's wage and fringe benefit funds. Any employer who is bound by the Local 668 CBA and has been notified that a bond is required must obtain this before work begins. This is a union-mandated requirement, not a state licensing condition.
What is this Bond For?
IBEW Local No. 668 and its affiliated benefit funds are the protected parties under this bond. If a signatory employer fails to remit agreed wages, health contributions, pension contributions, or other fringe benefit payments, the bond provides a source of recovery. It holds the employer financially accountable for every dollar owed under the labor agreement. Union members and fund trustees rely on it as a backstop against non-payment.
When is it Required?
Ongoing compliance with this bond is critical — a lapse can trigger immediate consequences under the collective bargaining agreement. Employers are typically required to maintain the bond in continuous force throughout the life of their signatory relationship with Local 668. New signatories must have the bond in place before the first payroll period covered by the agreement. Check the specific bond amount required by the union, as it may be tied to your payroll size or contribution history.
Where Does it Apply?
This bond is specific to employers working under the jurisdiction of IBEW Local No. 668 in Indiana. It is a union-driven requirement and applies wherever Local 668 has jurisdiction over the work being performed. The obligation follows the collective bargaining agreement, not a geographic permit zone.
How to Buy Online
Click 'Buy This Bond Online' and you will be taken directly to the secure surety portal in a new tab. Enter your business information, the required bond amount specified by Local 668, and complete the application in minutes. Your bond document is issued digitally so you can deliver proof to the union without delay.
Why Bond Titan?
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