Blanket Employees Dishonesty Bond for the Department of Health Services

The Wisconsin Blanket Employees Dishonesty Bond for the Department of Health Services provides comprehensive insurance coverage against potential financial losses resulting from employee dishonesty. This multi-award vehicle covers multiple insurance categories including fidelity guarantee insurance, commercial and contract surety bonds, and deterioration of stocks insurance. The contract is specifically designed to protect the Department of Health Services against potential fraudulent actions by employees across different job classifications, with coverage extending to employees who handle money daily, occasionally, or not at all.

The contract was awarded to Schwarz Insurance Agency, Inc. of Prairie du Sac, Wisconsin, with The Hanover Insurance Company serving as the insuring entity. The contract period spans three years, from November 1, 2018, through November 1, 2021, with a total premium of $8,943 paid in advance. The bond provides $500,000 per occurrence coverage with a $5,000 deductible, covering a total of 6,364 employees categorized into three distinct classes based on their financial handling responsibilities. This state-wide contract for Wisconsin represents a critical risk management strategy for the Department of Health Services, replacing a previous agreement from 2015.