Blanket Employees Dishonesty Bond for the Department of Veterans Affairs (including the Wisconsin Veterans Homes)

The Blanket Employees Dishonesty Bond for the Department of Veterans Affairs is a specialized insurance contract designed to provide comprehensive coverage for employee-related financial risks within the Wisconsin Veterans Homes and Department of Veterans Affairs. The contract specifically addresses potential financial losses from employee misconduct through a fidelity bond that covers three distinct employee classes: 92 Class 1 employees handling money daily, 148 Class 2 employees handling money occasionally, and 1,055 Class 3 employees who do not handle money. The bond offers $500,000 in coverage per occurrence with a $5,000 deductible, focusing on protecting the state entity from potential financial damages resulting from employee dishonesty or malfeasance.

The contract was awarded to The Brehmer Agency, Inc. of Butler, Wisconsin, with Fidelity & Deposit Company of Maryland serving as the insuring company. The multi-year agreement was executed on August 16, 2017, with a three-year performance period from August 19, 2017 through August 19, 2020. The total prepaid premium for the contract is $5,471, covering the entire three-year term. This state-wide contract falls under NIGP code 95341 (Fidelity and Surety) and replaces a previous agreement dated July 31, 2014, representing a continuous risk management strategy for the Wisconsin Department of Veterans Affairs.