New York IBEW Local Union 106 Wage and Fringe Benefits Bond
Overview
Contractors and employers working under IBEW Local Union 106 agreements in New York are required to carry this bond as a condition of their labor commitments. It guarantees that covered workers receive every dollar of wages and fringe benefits they are owed under the applicable collective bargaining agreement. If an employer falls short — whether on wages, health contributions, pension payments, or other fringes — this bond gives the union a direct financial remedy. Buying it is a straightforward step that protects your workforce and keeps you in good standing with Local Union 106.
Who Needs This Bond?
You've signed or are about to sign a labor agreement with IBEW Local Union 106 in New York, and the union is requiring this bond before you put electricians to work. Any employer — electrical contractor, subcontractor, or signatory shop — whose workforce is represented by Local Union 106 must have this bond in force. It's a non-negotiable condition of working under the collective bargaining agreement. If you don't have it, you can't legally deploy union labor on covered jobs.
What is this Bond For?
This bond exists to protect IBEW Local Union 106 members from wage theft and benefit shortfalls. When an employer covered by the collective bargaining agreement fails to pay wages or remit fringe benefit contributions — to health funds, pension funds, or training funds — the bond is the financial backstop that makes workers whole. Local Union 106 is the obligee; you, as the signatory employer, are the principal. The bond holds you accountable for every dollar promised under your labor agreement.
When is it Required?
Before a single covered electrician starts work on your jobsite, this bond must already be executed and delivered to IBEW Local Union 106. The union will not authorize labor dispatch without confirmation that the bond is in place. If you're in the middle of onboarding as a signatory employer, securing this bond is one of the first steps — not an afterthought. Don't wait until you have a crew ready to mobilize.
Where Does it Apply?
This bond applies to employers operating under an IBEW Local Union 106 collective bargaining agreement anywhere in the union's New York jurisdiction. It is not a statewide license requirement issued by a government agency — it is a labor agreement requirement enforced directly by the union. Every covered job you run while signatory to Local Union 106 falls under its protection.
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 bond application, and your bond documents are processed quickly without waiting on an agent callback. Once issued, you'll have the bond in hand and can deliver proof to IBEW Local Union 106 right away.
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