Missouri IBEW Local No. 124 Fringe Benefits Bond
Overview
Working under a contract with IBEW Local No. 124 in Missouri? You need this bond before you start. The Missouri IBEW Local No. 124 Fringe Benefits Bond guarantees that employers bound by the union's collective bargaining agreement will make all required contributions to designated fringe benefit funds — including health, pension, and other benefit programs. If an employer falls short, the bond provides the financial backstop the union and its funds need to recover what workers are owed.
Who Needs This Bond?
Electrical contractors, signatory employers, and any business that has signed a collective bargaining agreement with IBEW Local No. 124 are the parties who typically need this bond. If your company employs journeymen or apprentice electricians covered under IBEW Local 124's jurisdiction in Missouri and you are contractually obligated to contribute to their fringe benefit funds, this bond applies to you. It is required as a condition of working under that agreement — not a general state license requirement.
What is this Bond For?
This bond protects the IBEW Local No. 124 fringe benefit funds — and the union members who rely on them — from employer non-payment or underpayment of required contributions. Fringe benefits covered typically include health and welfare, pension, vacation, and training fund contributions mandated by the collective bargaining agreement. When an employer fails to remit those contributions on time and in full, the bond gives the funds a direct avenue to recover the shortfall. It is a financial guarantee, not a performance or license bond.
When is it Required?
Before you begin work under IBEW Local No. 124's collective bargaining agreement, the union or its affiliated benefit funds will require this bond to be in place. The request typically comes at the time you sign or renew the CBA, or when you register as a new signatory employer. You cannot proceed as a covered employer until the bond is executed and on file.
Where Does it Apply?
This bond operates under the jurisdiction of IBEW Local No. 124, which covers its designated territory within Missouri. It is a labor-relations requirement tied specifically to that local union's collective bargaining agreement — not a statewide regulatory mandate issued by Missouri state government. Your obligation runs to IBEW Local No. 124 and its affiliated fringe benefit funds, not to a state licensing board.
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 business information, and the system will guide you through securing the bond quickly — no waiting on an agent callback. Once issued, your bond documentation is ready to file with IBEW Local No. 124.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for fast, online bond purchases — no phone tag, no delays. Our nationwide catalog includes labor and fringe benefit bonds like this one, so you can get exactly what IBEW Local No. 124 requires without hunting through general insurance agencies. Buy it, download it, and get back to work.