Blanket Employees Dishonesty Bond for the Wisconsin Department of Justice

The Wisconsin Blanket Employees Dishonesty Bond, administered by the Department of Administration, provides comprehensive fidelity insurance coverage for the Wisconsin Department of Justice. The contract covers employee dishonesty risks across three employee classifications: Class 1 (daily money handlers), Class 2 (occasional money handlers), and Class 3 (no money handling). Specifically designed to protect against financial losses from potential employee misconduct, the bond offers $500,000 per occurrence coverage with a $5,000 deductible, encompassing surety and fidelity guarantee insurance categories.

The contract is awarded to The Brehmer Agency, Inc. with Liberty Mutual Surety as the insuring company, effective from April 1, 2017 through April 1, 2020. The vehicle provides statewide coverage for the Wisconsin Department of Justice, with an annual premium of $884 paid in yearly installments. The contract covers a total of 680 employees across different risk levels, reflecting a comprehensive approach to mitigating potential financial risks associated with employee dishonesty within the state government organization.