By: Donald C. Turner
In these difficult economic times, employee theft is an all too frequent occurrence that can disrupt operations and wreak financial ruin. As a result, purchasing insurance to protect your business from such transgressions is advisable. Fidelity Insurance provides coverage for loss of money or property due to employee theft. Some policies also provide coverage of losses attributable to computer theft. Upon learning of a loss due to theft or fraud, business owners should immediately notify the insurance company in writing and conduct an investigation in an attempt to identify the scope of the loss, the perpetrator, and the disposition of the stolen property. In these matters, time truly can be of essence.