Blanket Employees Dishonesty Bond for the Department of Employee Trust Funds

The Wisconsin Blanket Employees Dishonesty Bond for the Department of Employee Trust Funds is a specialized insurance contract designed to provide comprehensive protection against potential financial losses due to employee misconduct. The vehicle covers commercial and contract surety bonds, fidelity guarantee insurance, and related financial protection instruments. Specifically, this contract provides $500,000 per occurrence coverage for employee dishonesty, with a $5,000 deductible, targeting the protection of state employees who handle financial transactions and sensitive monetary resources.

The contract is administered by the Wisconsin Department of Administration and was awarded to Schwarz Insurance, with underwriting by The Ohio Casualty Insurance Company (Liberty Mutual Surety). The agreement covers 273 Class 1 employees within the Department of Employee Trust Funds and was executed on June 23, 2017, with an effective period from July 1, 2017, through July 1, 2020. The three-year prepaid premium totals $4,778, representing a renewal of previous bonding coverage. This state-wide contract applies specifically to Wisconsin government operations and provides a critical risk management tool for protecting state financial assets.