Indiana Operators Union Bond / IUOE Local 103 Wage and Welfare
Overview
Are you a contractor in Indiana required to work under IUOE Local 103 terms? This bond — the Indiana Operators Union Bond / IUOE Local 103 Wage and Welfare Bond — guarantees that you will pay all wages, fringe benefits, and welfare contributions owed to your operating engineers under the union agreement. It protects union members if you fall short on those obligations. Get it filed and get back to work.
Who Needs This Bond?
Contractors, subcontractors, and construction employers in Indiana who have signed a collective bargaining agreement with IUOE Local 103 are the primary applicants. This includes heavy equipment operators working on road, bridge, excavation, or utility projects where Local 103 members are on the crew. If your agreement with IUOE Local 103 requires a wage and welfare bond as a condition of employing their members, this is the exact bond you need.
What is this Bond For?
IUOE Local 103 requires this bond to ensure that covered employees receive every dollar of wages, health and welfare contributions, pension contributions, and other fringe benefits owed under the collective bargaining agreement. If you fail to make those payments, the union or its benefit funds can make a claim against this bond to recover what your workers are owed. It is a financial guarantee to the union — not a general liability policy for your business.
When is it Required?
Before you put Local 103 operating engineers on a jobsite in Indiana, the union will ask for this bond as part of your compliance with the collective bargaining agreement. The request typically comes at the time you sign or execute the agreement, or when you are setting up to bid or perform work covered by Local 103 jurisdiction. Do not wait until the project start date — get this bond in place before the obligation is triggered.
Where Does it Apply?
This bond applies statewide in Indiana wherever IUOE Local 103 has jurisdiction and wherever you employ operating engineers under its collective bargaining agreement. It is a union-mandated requirement, not a state licensing requirement. The bond follows the scope of your agreement with Local 103 across Indiana jobsites.
How to Buy Online
Click 'Buy This Bond Online' on this page and the secure surety portal will open in a new tab. Enter your business information, complete the application, and your bond documents can be issued quickly without waiting on an agent callback. Once issued, you will have the bond you need to satisfy IUOE Local 103's requirement.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for business owners who need a specific bond now — not after a round of phone calls and waiting. Our nationwide catalog includes union wage and welfare bonds like this one, and the online purchase process is designed to get you bonded fast. No delays, no runaround.