Ohio IBEW Local No. 306 Wage and Fringe Benefits Bond
Overview
Contractors working under IBEW Local No. 306 agreements in Ohio must secure this Wage and Fringe Benefits Bond before performing union-covered work. It guarantees that electricians and other covered workers receive every dollar of wages and fringe benefits they've earned under the collective bargaining agreement. IBEW Local No. 306 requires this bond as a condition of your labor agreement — not a state license. Failing to carry it means you cannot legally perform union electrical work under Local 306's jurisdiction.
Who Needs This Bond?
If you are an electrical contractor or employer who has signed — or is about to sign — a collective bargaining agreement with IBEW Local No. 306 in Ohio, this bond is required of you. It applies to contractors who hire electricians represented by Local No. 306 and are obligated to remit wages, health and welfare contributions, pension payments, and other fringe benefits on their behalf. Any employer executing work under the Local 306 CBA without this bond in place is in breach of the agreement. This is a labor-relations requirement driven by your union contract, not a state licensing board.
What is this Bond For?
IBEW Local No. 306 is the obligee on this bond, meaning the union holds the right to make a claim if your obligations go unmet. The bond exists to protect covered workers from wage theft and unpaid fringe benefits — ensuring that health, pension, and other contractual contributions are actually paid. If you fail to remit wages or benefits owed under the CBA, Local No. 306 can draw against the bond to recover those amounts on behalf of affected members. Your employees — and the union funds they depend on — are the direct beneficiaries of this financial guarantee.
When is it Required?
This bond must be in place before you begin any work covered under your IBEW Local No. 306 collective bargaining agreement. Continuity matters: if your bond lapses or is cancelled, your authority to perform union-covered work in Ohio under Local 306 is immediately jeopardized. Renewal and replacement must be handled proactively — do not wait for a notice of cancellation to act. Whenever you renew your CBA or sign a new one, confirm that the bond term and coverage remain active and compliant with Local No. 306's requirements.
Where Does it Apply?
This bond applies specifically to work performed under the jurisdiction of IBEW Local No. 306 in Ohio. It is a union-mandated requirement tied to that specific local, not a statewide government license or permit. Contractors operating under other IBEW locals or in other states would need separate bonds specific to those agreements.
How to Buy Online
Click 'Buy This Bond Online' on this page — it opens the secure surety portal in a new tab where you can complete your application and purchase the bond digitally. You'll receive your bond documents promptly, ready to submit directly to IBEW Local No. 306. No agent callbacks, no waiting rooms — just a fast, straightforward online process.
Why Bond Titan?
Bond Titan is powered by The Southern Agency, giving you access to a nationwide surety bond catalog with the speed and simplicity of an online storefront. You can secure your IBEW Local No. 306 Wage and Fringe Benefits Bond right now without waiting on an agent or filling out paper forms. Our platform is built for contractors who need to move fast and get back to work.