Blanket Employees Dishonesty Bond for the Department of Children and Families

The Wisconsin Blanket Employees Dishonesty Bond for the Department of Children and Families is a specialized insurance vehicle designed to provide comprehensive financial protection against employee theft and fraudulent activities. The contract covers employee dishonesty through a bond that offers $500,000 per occurrence with a $5,000 deductible, addressing potential financial risks across three employee classification levels: 180 Class 1 employees who handle money daily, 80 Class 2 employees who handle money occasionally, and 526 Class 3 employees who never handle money. The vehicle encompasses multiple insurance and surety bond categories, including commercial surety bonds, contract surety bonds, fidelity guarantee insurance, and general surety bonds.

The contract is administered by the Wisconsin Department of Administration and was awarded to Schwarz Insurance Agency, Inc., with The Hanover Insurance Company as the actual bond provider. The current contract period spans from November 1, 2018, through November 1, 2021, with an annual premium of $1,679, paid in yearly installments. This state-wide contract represents a renewal and replacement of a previous agreement from October 30, 2015, and provides statewide coverage specifically for the Department of Children and Families, ensuring comprehensive risk management and financial protection for the agency's workforce.