Tennessee IBEW Local No 474 Wage and Welfare Bond
Overview
Electrical contractors working under IBEW Local No. 474 agreements in Tennessee are required to post this bond before putting union workers on a job. It guarantees that wages owed to covered employees and contributions owed to union welfare funds will actually be paid. IBEW Local No. 474 holds this bond as a financial backstop — if you fall short on payroll or benefit fund obligations, the bond responds. Buying it is a condition of doing business under the Local 474 collective bargaining agreement.
Who Needs This Bond?
You've signed or are about to sign a collective bargaining agreement with IBEW Local No. 474 in Tennessee, and the union is requiring a bond before your electricians go to work. Electrical contractors — from small shops to larger signatory employers — must post this bond to satisfy the labor agreement's security requirements. If you're a contractor who employs IBEW Local 474 members on Tennessee jobsites, this bond applies to you. It is not optional — without it, you cannot legally put union workers on covered projects.
What is this Bond For?
IBEW Local No. 474 uses this bond to protect its members and trust funds from wage and benefit shortfalls. If you fail to pay your workers the wages due under the agreement, or fall behind on contributions to health, welfare, pension, or other fringe benefit funds, the union can file a claim. The bond ensures those obligations are covered even if your cash flow fails. It is a direct financial commitment to honoring the wage and welfare terms of your Local 474 labor agreement.
When is it Required?
Before a single covered electrician clocks in, the bond must be in place — IBEW Local No. 474 requires it as a precondition to performing work under the collective bargaining agreement. You cannot wait until your first payroll cycle to secure it. If your bond lapses or is cancelled during an active project, your ability to continue using Local 474 labor is at risk. Get bonded before work begins, not after.
Where Does it Apply?
This bond is specific to contractors operating under the jurisdiction of IBEW Local No. 474, which covers Memphis and surrounding areas of Tennessee. It is not a state license bond issued by a Tennessee government agency — it is a privately required bond mandated by the union local itself. Any covered work performed in the Local 474 jurisdiction requires the bond to be active.
How to Buy Online
Click 'Buy This Bond Online' to open the secure surety portal in a new tab. Enter your contractor information and the required bond amount as specified by your Local 474 agreement, then complete your purchase. Your bond documents are issued digitally so you can deliver proof to the union without delay.
Why Bond Titan?
Bond Titan is powered by The Southern Agency and built for contractors who need to get bonded fast — no waiting on an agent callback, no paperwork pile. Our nationwide catalog includes labor and wage bonds like this one, and you can complete the entire purchase online in minutes. When IBEW Local No. 474 is waiting on your bond, Bond Titan gets it done.