Blanket Employees Dishonesty Bond for the Department of Public Instruction

The Wisconsin Blanket Employees Dishonesty Bond for the Department of Public Instruction is a specialized insurance contract designed to provide comprehensive financial protection against employee theft and fraudulent activities. The vehicle covers employee dishonesty across three distinct employee classes, offering $500,000 per occurrence coverage with a $5,000 deductible. Specific services include protection for 215 Class 1 employees who handle money daily, 20 Class 2 employees who handle money occasionally, and 462 Class 3 employees who do not handle money, ensuring broad organizational risk mitigation.

The contract is administered by the Wisconsin Department of Administration and was awarded to Schwarz Insurance Agency, Inc., with The Hanover Insurance Company serving as the underwriting insurer. The contract number is 505ENT-M18-DHONBNDDPI-01, and it operates statewide within Wisconsin. The contract period spans three years, from July 1, 2018, through July 1, 2021, with a total premium of $3,369, payable in three annual installments of $1,123. This vehicle falls under UNSPSC codes related to surety bonds, fidelity guarantee insurance, and commercial surety bonds, and is categorized under NIGP code 95341 for Fidelity and Surety services.