Blanket Employees Dishonesty Bond for the Department of Corrections

This multi-award vehicle is a Blanket Employees Dishonesty Bond specifically designed for the Wisconsin Department of Corrections (DOC), providing comprehensive insurance coverage against potential financial losses from employee misconduct. The contract encompasses various surety bond and fidelity insurance products, including commercial surety bonds, contract surety bonds, and fidelity guarantee insurance. The vehicle is structured to protect the DOC against risks associated with employee dishonesty across three distinct employee classification levels, covering a total of 9,708 employees with varying degrees of financial responsibility.

The contract was awarded by the Wisconsin Department of Administration and is held by The Brehmer Agency, Inc., with Travelers Casualty and Surety Company of America as the insuring entity. The current contract period runs from November 1, 2018, through November 1, 2021, with an annual installment premium of $3,368. The bond provides $500,000 per occurrence coverage with a $5,000 deductible, replacing a previous contract from 2015. This state-wide contract is specific to Wisconsin and is designed to mitigate potential financial risks for the Department of Corrections by providing comprehensive employee dishonesty protection.