Description
The State of South Carolina, Department of Behavioral Health and Developmental Disabilities, is seeking bids for a Public Employees Fidelity Bond to cover its employees. The bond should be from a commercial surety company licensed or authorized to do business in South Carolina, with coverage of $75,000 per occurrence and a $5,000 deductible. The contract is for a period of three years, with the option to renew. The successful bidder will be required to provide the bond for the specified period. Key factors to consider include the premium cost, the coverage amount, and the deductible.
• The bond should cover approximately 3,900 employees of the South Carolina Office of Mental Health.
• The bond should be for a period of three years, with the option to renew.
• The successful bidder should be a commercial surety company licensed or authorized to do business in South Carolina.
• The coverage amount should be $75,000 per occurrence, with a $5,000 deductible.
• The contract should include provisions for termination, renewal, and payment.