Blanket Employees Dishonesty Bond for the Department of Natural Resources

The Wisconsin Department of Natural Resources (DNR) Blanket Employees Dishonesty Bond multi-award vehicle provides comprehensive employee theft and fraud insurance coverage. The contract encompasses commercial and contract surety bonds, fidelity guarantee insurance, and deterioration of stocks insurance specifically designed to protect state agencies against financial losses resulting from employee misconduct. This insurance vehicle offers protection for different employee classifications based on their money-handling responsibilities, with coverage tailored to mitigate organizational financial risks.

The contract is administered by the Wisconsin Department of Administration and was awarded on July 1, 2017, with Schwarz Insurance serving as the contractor and Massachusetts Bay Insurance Company (The Hanover Insurance Group) as the underwriting insurer. The vehicle provides a $500,000 per occurrence coverage with a $5,000 deductible, covering 3,845 DNR employees across three risk classes: 200 daily money-handling employees (Class 1), 550 occasional money-handling employees (Class 2), and 3,095 non-money handling employees (Class 3). The original contract period ran from July 1, 2017 through July 1, 2020, with a prepaid three-year premium of $6,020, representing a statewide insurance solution for employee dishonesty protection.