Indiana IBEW Local No. 873 Wage and Fringe Benefits (1-15 Employees) Bond
Overview
Working under the Indiana IBEW Local No. 873 collective bargaining agreement and need to prove you can back your wage and fringe benefit obligations? This bond is your contractual guarantee that employees covered by Local No. 873 will receive every dollar of wages and fringe benefits they are owed. Contractors with 1 to 15 employees on the payroll fall into this specific tier. Get bonded, stay compliant, and keep your workforce covered.
Who Needs This Bond?
You're a union contractor in Indiana who has signed onto the IBEW Local No. 873 collective bargaining agreement and employs between 1 and 15 covered workers. The bond is required of the employer — the principal — as a condition of operating under that agreement. If your crew size puts you in the 1-to-15 range, this is the exact bond tier you need. Contractors outside that employee count must purchase the bond tier that matches their workforce size.
What is this Bond For?
IBEW Local No. 873 requires this bond to protect its members — Indiana electricians and related trades workers — from unpaid wages and missing fringe benefit contributions. If a covered employer fails to pay wages, health contributions, pension contributions, or other benefits owed under the CBA, the bond provides a financial remedy. It holds the contractor accountable to the specific obligations the collective bargaining agreement spells out. This bond is not general liability insurance; it is a labor-obligation guarantee.
When is it Required?
Before you put a single covered worker on a jobsite under the IBEW Local No. 873 agreement, this bond must already be in place. The union requires proof of bonding as a precondition of the working agreement — you cannot wait until payroll is due. If you are renewing or replacing an existing bond, the new bond must be active before the old one expires to avoid a lapse in your standing with the Local. Do not schedule work before you have your bond certificate in hand.
Where Does it Apply?
This bond operates statewide in Indiana wherever IBEW Local No. 873 has jurisdiction over covered electrical work. It is a union-specific labor obligation, not a state license issued by an Indiana government agency. The bond follows the geographic footprint of Local No. 873's collective bargaining agreement, which covers designated counties and districts within Indiana.
How to Buy Online
Click 'Buy This Bond Online' on this page and you'll be taken directly into the secure surety portal in a new tab. Complete the application for the Indiana IBEW Local No. 873 Wage and Fringe Benefits (1-15 Employees) Bond and submit it electronically. Once approved, your bond documentation is issued and ready to deliver to the Local — no waiting on callbacks or paper forms.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, a seasoned surety operation with a nationwide catalog of bonds exactly like this one. You get a direct online purchase path — no agent voicemail, no faxing, no delays. We built the platform for contractors who need to get bonded fast and get back to work.