Pennsylvania IBEW Local No. 654 Wages and Fringe Benefits Bond
Overview
Get bonded with the Pennsylvania IBEW Local No. 654 Wages and Fringe Benefits Bond and show the union you are committed to meeting every wage and fringe benefit obligation owed to covered workers. This bond protects IBEW Local No. 654 members by guaranteeing that employers who sign on to work with the union will pay wages and fringe benefits in full and on time. Contractors and employers working under a Local No. 654 collective bargaining agreement need this bond in place before work begins. Bond Titan makes it fast to get bonded online without waiting on an agent.
Who Needs This Bond?
If you are a contractor or employer in Pennsylvania who has entered into — or is about to enter into — a collective bargaining agreement with IBEW Local No. 654, this bond is required of you. It applies to electrical contractors and other employers whose workforce includes members represented by IBEW Local No. 654 in Pennsylvania. Your agreement with the union obligates you to secure this bond as a condition of that working relationship. Without it, you cannot satisfy the union's bonding requirement and may not be permitted to employ Local No. 654 members.
What is this Bond For?
IBEW Local No. 654 requires this bond to guarantee that covered workers are made whole if an employer fails to pay agreed wages or fringe benefit contributions. Fringe benefits typically include contributions to health, pension, vacation, and training funds as outlined in the applicable collective bargaining agreement. If an employer defaults on these obligations, the union or its benefit funds can make a claim against the bond to recover what workers and the funds are owed. This bond is not an insurance policy for the employer — it is a financial guarantee made on behalf of the workers.
When is it Required?
Renewal and continuous coverage are critical with this bond — IBEW Local No. 654 requires the bond to remain active for as long as you employ covered members under your collective bargaining agreement. This bond is first required at the time you execute or renew your agreement with Local No. 654 in Pennsylvania. A lapse in coverage can put your ability to employ union members at risk and may trigger a notice of default from the union. Keep your bond current to stay in good standing with Local No. 654 throughout the life of your labor agreement.
Where Does it Apply?
This bond is a requirement specific to employers working under a collective bargaining agreement with IBEW Local No. 654 in Pennsylvania. It is not a state license bond issued by a Pennsylvania state agency — it is a union-required bond tied directly to your relationship with Local No. 654. Coverage applies statewide wherever IBEW Local No. 654 has jurisdiction over your workforce.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab and complete your bond application. You will enter details about your business and the bond amount required by your collective bargaining agreement with IBEW Local No. 654. Once approved, your bond documents are issued digitally so you can deliver proof of coverage to the union quickly.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and gives you direct online access to this bond without calling an agent or waiting for a callback. Our nationwide catalog includes hard-to-find union wage bonds like this one, so you are not stuck searching for a specialty market. Buy online, get bonded fast, and stay in good standing with IBEW Local No. 654.