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