Alabama IBEW Local 136 Wage and Welfare Bond

Alabama IBEW Local 136 Wage and Welfare Bond

The International Brotherhood of Electrical Workers (IBEW) of Birmingham, Alabama demands a $2,500 Wage and Welfare Bond to be submitted by employers of their members. Jet Insurance Company offers this bond as a guarantee that the employer will honor their agreement and pay what is due to the worker.

VIEW YOUR BOND PRICE

Jet works hard to simplify the bonding process; we are a direct insurance company committed to making it easier to apply for and purchase your Wage and Welfare Bond. 

What Is the Lowest Price for the IBEW Local 136 Bond? 

With Jet, the IBEW Wage and Welfare Bond starts at $25 monthly or $250 per year. A soft credit check is needed to verify rates, but most applicants are approved at the $250 offer. The chart below shows the price range for monthly and annual rates. 

Bond TermCost
Monthly$25-$38
1 Year$250-$375
IBEW Local 136 Bond Pricing

Jet is able to directly provide your bond without the use of brokers and agents, who tack on their own fees and commissions to raise your costs.

The IBEW Wage and Welfare Bond Process With Jet

Applying for your Local 136 IBEW Bond only takes a couple of minutes, with Jet’s streamlined online application. Once you have submitted all required information, such as general business information and a social security number, an automatic credit check will provide you with an approved rate. You can purchase your bond right away and Jet will email a digital copy and the receipt to you. 

The original bond will be mailed over to you to sign, this must be done with a witness present (their signature is also required). After the bond has been signed by all parties, it should be submitted to the IBEW at the following address: 

IBEW Local 136
845 Gadsden Hwy
Birmingham, AL 35235

The bond is active for one year and can be renewed before the anniversary of the effective date. If you need to cancel the bond prior to that, please send a written request to Jet. An email to bonddept@jetsurety.com will work. Jet will request cancellation with the IBEW, which may hold the bond active up to 30 days. Once the bond has been fully cancelled, monthly payments will end and annual payments will be reviewed to see if a refund is available. 

How Does an Employer of an IBEW Member Avoid Wage and Welfare Bond Claims?

The IBEW requires a Wage and Welfare Bond to ensure that its members receive compensation for their services. Employers are obligated to pay any salaries, wages, fringe benefits, or other methods of compensation. If that payment is not received, a claim will be filed against the IBEW Bond so the electrical worker will receive what they are owed for the work they did. The easiest way to avoid claims is to pay electrical workers promptly as agreed upon hiring. 

If you receive a claim on your bond, notify Jet as soon as possible. Our team will do its best to defend you against any false claims, gathering information from both you and whoever filed the claim. If the claim is proved to be valid, Jet must pay out the claim up to the full amount of the bond. As the claim was filed for your failure to pay up, you are not off the hook just because Jet delivered on payment to the electrical worker. You must pay Jet back in the amount of the claim. 

Are There Other Wage and Welfare Bonds in Alabama? 

Yes, the Millwright Local Union 1192 and the Structural Iron Workers Union 92 also require a Wage and Welfare Bond to hire their members. 

Notary Bond Application:

Business Information:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Employee Dishonesty Bond Application:

Business Information:

Business Description:

Coverage Requirements:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Contract Bond Application:

Business Information:

Owner Information:

Job Details:

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information:

Worker's Compensation Application:

Business Information:

Business Description:

Coverage Requirements

Indemnity Agreement:

I, the undersigned, hereby apply for a Dishonesty Bond also known as a Business Service Bond or Janitorial Service Bond (“bond”) to the Surety Company (“SURETY”) through Jet Insurance Company (“JET”), with whom I hereby grant the authority to act on my behalf with respect to the bond and assign as my Broker of Record, and declare that the statements herein are true and correct. In consideration of the SURETY issuing, renewing or substituting said bond(s), I, individually and as the owner or officer of the bonded entity, hereby understand and agree, as follows: (i) to reimburse, hold harmless, and indemnify SURETY upon demand for all loss, liability, claim, expense, including but not limited to attorneys’ fees, expert’s fees, investigative fees and claims handling fees, and any other cost which SURETY shall pay or incur in defense, adjustment, or settlement of such claims/suits by reason of such suretyship; (ii) that an itemized statement of loss and expenses by SURETY shall be indisputable proof of my liability to SURETY; (iii) coverage is subject to a $100 deductible; (iv) the employee must be convicted before coverage will apply (v) performance and any form of dispute resolution of this agreement shall take place in the county of SURETY's office of service; and (vi) a facsimile copy or electronically signed version of this agreement shall be binding as if it were an original. This agreement shall survive any changes in, substitute to or renewal of the bond(s).

Required Effect Date of Bond Policy:

Contact Information: