New York IBEW Local No. 86 Wage and Fringe Benefits Bond
Overview
Get bonded with the New York IBEW Local No. 86 Wage and Fringe Benefits Bond and demonstrate to the union that your workers' wages and fringe benefits are financially secured. This bond protects IBEW Local No. 86 members by guaranteeing that signatory employers meet their contractual obligations to pay wages and contribute to required benefit funds. Without this bond in place, employers typically cannot work under a collective bargaining agreement with Local No. 86. Bond Titan makes it fast and straightforward to secure your bond online without waiting on an agent.
Who Needs This Bond?
If you are an employer operating under a collective bargaining agreement with IBEW Local No. 86 in New York, this bond is a required part of doing business under that agreement. Electrical contractors and other signatory employers who hire IBEW Local No. 86 represented workers must carry this bond. It is the union — not a state licensing board — that requires the bond as a condition of your labor agreement. If you have been told by Local No. 86 that you need this bond before work can proceed, you are in the right place.
What is this Bond For?
This bond guarantees that an employer signatory to an IBEW Local No. 86 collective bargaining agreement will pay all wages owed and make required contributions to fringe benefit funds such as health, pension, and apprenticeship funds on behalf of covered employees. If an employer fails to make those payments, the bond provides a financial remedy for the union and its members. It is a protection mechanism embedded in the union agreement, ensuring workers and the trust funds that support them are not left unpaid when an employer defaults.
When is it Required?
Renewal or ongoing compliance with your IBEW Local No. 86 collective bargaining agreement means this bond must remain continuously in force for as long as you employ workers under the agreement. The requirement typically kicks in at the point of signing or renewing your labor agreement with Local No. 86, and any lapse can put your ability to use union labor in jeopardy. Employers adding job sites, expanding their workforce, or entering a new contract period should confirm their bond remains active and that the bond amount satisfies the union's current requirement.
Where Does it Apply?
This bond applies to employers working under a collective bargaining agreement with IBEW Local No. 86, which operates within New York. Work performed under the Local No. 86 agreement is covered by this bond's terms regardless of the specific job site location within the union's jurisdiction. This is a union-mandated requirement, not a New York state licensing requirement.
How to Buy Online
Click 'Buy This Bond Online' on this page and you will be taken directly to the secure surety portal in a new tab. Complete the application with your business information and the bond details required by IBEW Local No. 86, and your bond documents will be delivered digitally. No phone calls, no waiting on callbacks — the process is built to move fast.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and gives you direct access to a nationwide surety bond catalog with an instant online purchase path — no agent middleman required. We built our platform for business owners who need their bond documents quickly and without friction. If IBEW Local No. 86 is waiting on your bond, Bond Titan is the fastest way to get it done.