Faithful Performance Blanket Employees Dishonesty Bond for the Office of the Secretary of State

The Wisconsin Faithful Performance Blanket Employees Dishonesty Bond state-wide contract provides comprehensive fidelity and surety bond coverage for the Office of the Secretary of State. The vehicle encompasses multiple UNSPSC categories including surety bonds, commercial and contract surety bonds, fidelity guarantee insurance, and deterioration of stocks insurance. Specifically designed to protect against employee dishonesty and financial misconduct, this contract enables state agencies to secure critical insurance protection for employees who handle financial transactions and sensitive monetary assets.

The contract was awarded by the Wisconsin Department of Administration, effective July 1, 2018, with coverage targeting Class 1 employees who handle daily monetary transactions. While the specific prime contractor details are not fully clear from the provided documentation, the contract appears to be a three-year agreement covering up to $500,000 per occurrence with a $5,000 deductible. The vehicle is statewide in scope, focusing on Wisconsin government entities, and falls under the NIGP commodity code 95341 for Fidelity and Surety products. The total contract premium for the three-year period was documented at $1,159, providing a cost-effective risk management solution for state agencies.