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Have a question? +1 815-826-6324 (815-8-BondAI) phil@AmericasSuretyBonds.com
Army Veteran Owned | Expert Surety Bonds Since 2004
Local 212 will not refer a single electrician to your shop until your wage bond is on file and verified. The bond amount follows your headcount, starting at $1,000 for one employee, so the right bond is usually small, quick to issue, and the fastest way to get manpower dispatched to your Cincinnati area job.
Every employer signatory to the Inside Agreement between the Cincinnati Chapter NECA and IBEW Local Union No. 212 must deposit a wage bond with the Local guaranteeing full payment of wages and payroll deductions such as dues, assessments and credit union. The amount is set by the number of employees: $1,000 for one, $5,000 for two through five, $10,000 for six through ten, $20,000 for eleven through forty, and $50,000 for more than forty. A separate benefit bond in the same tiers goes to the Local 212 Benefit Office.
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This bond is a contract requirement, not a state license bond. Section 2.05 of the Inside Agreement between the Cincinnati Chapter NECA and IBEW Local Union No. 212, effective June 2, 2025 through June 4, 2028, requires each signatory employer to deposit a surety bond with Local Union No. 212 guaranteeing that covered employees receive full payment of all wages properly due under the agreement, including payroll deductions such as union dues, assessments and credit union.
The amount is tiered by the number of employees you carry under the agreement.
1 employee: $1,000 2 through 5 employees: $5,000 6 through 10 employees: $10,000 11 through 40 employees: $20,000 Over 40 employees: $50,000
If your crew grows past a tier line, the bond should grow with it. Size the bond to the headcount you expect to carry, not the headcount you started with.
The agreement also requires a separate and additional surety bond deposited with the Local Union No. 212, IBEW Benefit Office. That bond guarantees fringe benefit contributions, including Health and Welfare, Pension, Supplemental Unemployment Benefits, National Electrical Benefit Fund contributions and vacation deductions, and it uses the same employee count tiers. The Benefit Office may refuse your contributions until its bond is received and verified.
Each bond must be accompanied by a copy of a State of Ohio Certificate of Compliance for the surety, endorsed by the Ohio Superintendent of Insurance. Local 212 will not refer applicants until the bonds are received and verified, and it will notify covered employees and the Benefit Office if a bond lapses or is canceled.
The bond is forfeited to the extent of the default plus allowable costs if the employer is finally determined, after a full hearing and vote by the Labor Management Committee, to have violated the wage and benefit provisions in a material way. An employer that pays late three consecutive times in any 12 month period, or five times in any 12 month period, can be directed by the Committee to double its wage and benefit bonds within 30 days. The bonds can return to the normal amount after 24 consecutive months of on time payments.
The surety prices the bond from the bond amount, the financial strength and credit of the company and its owners, and the contractor's payment history. Because a wage bond guarantees payroll, underwriters look closely at working capital and how long the shop has been operating.
It depends on headcount. Section 2.05 of the Inside Agreement sets $1,000 for one employee, $5,000 for two through five, $10,000 for six through ten, $20,000 for eleven through forty, and $50,000 for more than forty.
No. The wage bond covers wages and payroll deductions such as dues, assessments and credit union. Fringe benefits, including Health and Welfare, Pension, SUB, NEBF and vacation deductions, are guaranteed by a separate bond deposited with the Local 212 Benefit Office in the same tier amounts.
No. The agreement states that Local 212 will not refer applicants to an employer until its bonds have been received and verified as valid.
Yes. If an employer pays late three consecutive times, or five times, in any 12 month period and the Labor Management Committee verifies it, the Committee can direct that the wage and benefit bonds be doubled. The employer has 30 days to comply, and the bonds can be reduced again after 24 consecutive months of timely payments.
Benefit contributions required by a collective bargaining agreement are enforceable under 29 U.S.C. 1145, which requires employers to make multiemployer plan contributions according to the plan or agreement. The wage bond itself is a requirement of the Local 212 Inside Agreement. Confirm the current bond form and filing steps with Local 212 before the bond is issued.
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