New Jersey IBEW Local No. 400 Wages, Welfare and Fringe Benefits Bond
Overview
Signing a labor agreement with IBEW Local No. 400 in New Jersey comes with financial obligations that go beyond the paycheck. This bond guarantees that covered contractors will pay all wages, welfare contributions, and fringe benefits owed to union members under the collective bargaining agreement. If a contractor defaults on those obligations, the bond provides the union — and the workers — a direct financial remedy. It is a condition of working under the IBEW Local No. 400 agreement, not an optional safeguard.
Who Needs This Bond?
Electrical contractors, subcontractors, and signatory employers operating under a collective bargaining agreement with IBEW Local No. 400 in New Jersey are the parties who need this bond. If your company has signed — or is about to sign — a union agreement with Local No. 400 and employs journeymen or apprentice electricians covered by that agreement, this bond is required of you. Small shops bringing on their first union workforce and established contractors adding Local No. 400 coverage both fall under this requirement.
What is this Bond For?
IBEW Local No. 400 uses this bond to protect its members' earned wages and fringe benefits — including health and welfare, pension, and other contributions — in the event a signatory employer fails to pay. The bond holds the contractor financially accountable for every dollar owed under the collective bargaining agreement. It is not general liability coverage and it is not workers' compensation — it is a guarantee specifically tied to labor cost obligations under the Local No. 400 agreement.
When is it Required?
Before you begin work under the IBEW Local No. 400 collective bargaining agreement, the union will require this bond to be in place. The request typically arrives when you are finalizing your signatory paperwork or when the union audits your compliance and finds bonding has not been secured. You cannot dispatch union electricians or begin covered work until the bond is filed and accepted. Getting bonded is one of the final steps before your agreement becomes active.
Where Does it Apply?
This bond applies to contractors and employers operating under the IBEW Local No. 400 jurisdiction in New Jersey. It is a statewide obligation tied to your union agreement rather than to any specific city permit or state license. Wherever your Local No. 400 signatory employees work within the union's geographic jurisdiction, this bond follows.
How to Buy Online
Click 'Buy This Bond Online' and you will be taken directly to the secure surety portal in a new tab, where you can complete your application and purchase without waiting on an agent. The process is straightforward — enter your business information, answer the bond-specific questions, and move toward issuance. Once approved, you will receive your bond documents, ready for filing with IBEW Local No. 400.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for contractors who need to get bonded fast, without phone tag or paperwork delays. Our online catalog covers labor and wage bonds across all fifty states, including this specific IBEW Local No. 400 requirement. You get a direct path to purchase — no agent callback, no unnecessary waiting, and no confusion about whether you have the right bond.