Michigan Electrical Workers' Insurance Fund / Local No. 58 Fringe Benefits Bond
Overview
Get bonded and stay in good standing with the Michigan Electrical Workers' Insurance Fund and IBEW Local No. 58. Electrical contractors who employ union workers covered under Local No. 58 need this fringe benefits bond to guarantee their contributions to the fund. Without it, you can't work under the collective bargaining agreement. Bond Titan makes the process straightforward so you can get back to running your jobs.
Who Needs This Bond?
If you are an electrical contractor in Michigan employing workers represented by IBEW Local No. 58, this bond is required before you can operate under the union's collective bargaining agreement. The bond is specifically tied to your obligations to the Michigan Electrical Workers' Insurance Fund — covering health, welfare, pension, and other fringe benefits owed on behalf of your union workers. If you've been notified by the fund or the local that you need this bond before your next payroll cycle, this is the place to get it done.
What is this Bond For?
This bond protects the Michigan Electrical Workers' Insurance Fund and IBEW Local No. 58 against unpaid fringe benefit contributions. If your company fails to remit required payments — such as health and welfare, pension, vacation, or apprenticeship fund contributions — the bond provides a financial backstop so the fund can recover those amounts. It holds electrical contractors accountable for every dollar owed to workers under the collective bargaining agreement.
When is it Required?
Renewal and ongoing compliance are central to this bond — it must remain active for as long as you are signatory to the IBEW Local No. 58 collective bargaining agreement and employing covered workers. The requirement typically arises at the point you become signatory to the agreement or when the fund flags a lapse in coverage. Letting this bond expire while still employing Local No. 58 members puts your ability to work under the agreement at immediate risk.
Where Does it Apply?
This bond is a statewide Michigan requirement tied specifically to IBEW Local No. 58 and the Michigan Electrical Workers' Insurance Fund. It applies to any electrical contractor in Local No. 58's jurisdiction who employs union workers covered under the applicable collective bargaining agreement. It is not a state license bond — it is a labor-fund obligation specific to this local.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab. Complete your application with your contractor and company information, and your bond documents are delivered digitally once approved. No phone calls, no waiting on an agent — just a fast, clean online transaction.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for contractors who need to get bonded without delays. Our nationwide catalog includes labor and fringe benefit bonds like this one, available for purchase entirely online. Skip the agent callback and get your bond documentation in hand today.