Public Employee Blanket Bond & Crime Insurance

The employee blanket bond covers faithful performance of State employees' duties and responsibilities and all money and property within their control.  The Crime portion covers all State employees for loss caused by destruction, disappearance, theft, and robbery of money and securities from a covered State agency, either on State property or while in transit by an authorized employee.  This policy also covers all State employees for losses due to forgery and alteration, computer fraud, and loss due to acceptance of counterfeit currency or money orders.  It is important that you notify the Administrative Services office upon discovery of loss or potential loss.

Limits:
$10,000,000 per loss- Public Employee Dishonesty, Faithful Performance, Computer Fraud, and Wire Funds Transfer Fraud
$1,000,000 per loss- Forgery or Alteration, Theft, Disappearance and Destruction, and Robbery and Safe Burglary
$100,000 per loss- Credit Card Forgery

Deductible:
$2,000 per occurrence for all lines
$500 for Credit Card Forgery

An employee is terminated from further coverage upon the discovery of any act on the part of the employee that would constitute a loss under the bond.  Therefore, employees should be suspended or relieved of responsibilities, according to the Division of Human Resources Rules and Regulations, upon discovery of any act by an employee that might give rise to a loss under the bond.

Any questions about this coverage should be directed to Theresa Chrisman, Administrative Services, at (208) 792-2240.