Indiana IBEW Local No. 873 Wage and Fringe Benefits Bond
Overview
Electricians and electrical contractors working under IBEW Local No. 873 in Indiana need this bond to guarantee wage payments and fringe benefit contributions owed to union members. It protects workers — ensuring they receive every dollar of pay, health coverage contribution, pension contribution, and other benefits required under the collective bargaining agreement. If a contractor fails to meet those obligations, the bond provides a financial remedy. This is a union-compliance bond, not a state license bond.
Who Needs This Bond?
Electrical contractors bound by a collective bargaining agreement with IBEW Local No. 873 are the principal on this bond. If your company employs journeymen or apprentice electricians represented by Local 873 in Indiana, the union will require you to post this bond before your workers step foot on a job site. It is a condition of working under the CBA — not optional, not negotiable.
What is this Bond For?
IBEW Local No. 873 uses this bond as a financial backstop to guarantee that signatory contractors actually pay the wages and fringe benefits they have promised under the collective bargaining agreement. Fringe benefits typically include health and welfare contributions, pension fund payments, vacation pay, and other negotiated benefit fund contributions. If a contractor falls behind or defaults, the bond gives the union a mechanism to recover what members are owed. Workers should never have to chase down pay they have already earned.
When is it Required?
Signing a collective bargaining agreement with IBEW Local No. 873 — or being accepted as a signatory contractor — is the moment this bond becomes mandatory. You cannot legally dispatch union electricians to your job sites in Indiana until the bond is in place and the union has confirmed receipt. Renewal or replacement of the bond is required whenever the existing bond lapses or the union demands an updated one.
Where Does it Apply?
This bond is required by IBEW Local No. 873 and applies to electrical contracting work performed by signatory employers throughout the union's jurisdiction in Indiana. It is a union-specific obligation, not a statewide license requirement issued by an Indiana state agency. The bond follows you to every job site where you dispatch Local 873 members.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab. Complete the application with your contractor details, submit it, and receive your bond documentation quickly — no waiting on an agent callback. Once issued, you can deliver proof of the bond directly to IBEW Local No. 873.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, giving you access to a nationwide surety bond catalog through a fast, fully online process. You do not need to schedule a call or wait for paperwork to be mailed — just apply, get bonded, and get back to work. We built this platform for contractors who need to move quickly and get back on the job site.