Union wage and benefit bonds

California IBEW Local No. 302 Fringe Benefits Bond. 4%, $100 min.

The California IBEW Local No. 302 Fringe Benefits Bond costs 4% of the bond amount a year with BLDAssure. Union trust funds usually ask contractors who sign their agreement for this bond. It guarantees the wage, fringe benefit and welfare contributions owed to the fund are paid.

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  • A-rated surety carriers
  • Issued through Propeller Bonds
  • See your price before you pay
Your price

4% of the bond amount

Minimum premium$100
Bond amount
From $4004% × $10,000 = $400
Start the application

The starting rate. A credit check and an underwriter's review set your final price, and you see it before you pay.

Price checked on Propeller Bonds' rate sheet, Oct 17, 2026.

How it works

Three steps to your bond.

  1. 01Apply onlineAnswer a few questions about your business. It takes a few minutes.
  2. 02See your pricePropeller Bonds, our surety partner, reviews your application. You see the final price before you pay.
  3. 03File itSign the bond and file it with the agency that asked for it. We help with the filing.
About this bond

What the California IBEW Local No. 302 Fringe Benefits Bond is for

Union trust funds usually ask contractors who sign their agreement for this bond. It guarantees the wage, fringe benefit and welfare contributions owed to the fund are paid.

The bond amount is set by the agency, utility or fund that asks for it. If the bond holder doesn't meet their obligations, a valid claim is paid up to that amount, and the bond holder repays the surety.

What the price depends on

The starting rate. A credit check and an underwriter's review set your final price, and you see it before you pay.

FAQs

Common questions.

How much does the California IBEW Local No. 302 Fringe Benefits Bond cost?

4% of the bond amount, with a $100 minimum. The agency that asks for the bond sets the amount; use the calculator above to see your price. The starting rate. A credit check and an underwriter's review set your final price, and you see it before you pay.

Do I pay the full bond amount?

No. You pay the premium shown above. The bond amount is the most the surety would pay on a valid claim, and you'd repay the surety for any claim it pays.

Is there a credit check?

Yes. The surety runs a credit check, which can change your rate. You see the final price before you pay.

How fast is it issued?

As soon as the surety has reviewed your application and you've paid. You see the final price before you pay.

Who issues the bond?

Propeller Bonds, our surety partner, issues it with A-rated carriers. BLDAssure handles your application and service.

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Get your California IBEW Local No. 302 Fringe Benefits Bond today.

4%, $100 min. Apply online in a few minutes.

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Your price 4% of the bond amountApply now

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