Did you know that 45% of businesses have been affected by Employee Fraud? One of the difficulties with this type of theft is that it can be hard to detect & sometimes take months or years to discover which can result in large losses to a business. The theft can take many forms including false invoicing, theft of cash, payroll fraud and embezzlement to name a few.
The folks at Know Risk have put together some tips for dealing with employee fraud which is a good place to start to make sure your business has considered the risks. No one wants to think that a trusted employee would steal from you but it does happen & it is worth taking the time to consider if this risk affects your business. You may also find this video helpful to understand Employee Dishonesty.
Contact Roderick Insurance Brokers in Geelong or Werribee to discuss how to manage this risk and whether you should enhance your insurance program to include cover for Employee Dishonesty.