by Kelli Young | Nov 11, 2024 | Crime Insurance
Even when organizations take steps to hire trustworthy workers and implement solid security measures to help protect against external fraudsters, criminal activities may still arise. Whether these entail a deceitful employee embezzling company funds or a corrupt third...
by CoverLink Staff | Mar 3, 2016 | Business Insurance, Crime Insurance
How well do you know and trust your employees? Do you think any of them would ever steal from you? Nearly every small business owner says ‘No Way!’ when we ask that question. Yet, here are the alarming statistics: According to an estimate by the U.S....
by CoverLink Staff | Feb 25, 2016 | Business Insurance, Crime Insurance
According to the Association of Certified Fraud Examiners (ACFE), the median loss during a single instance of employee theft is nearly $300,000… enough to devastate any small business. And many business owners assume their business is too small to be threatened...
by CoverLink Staff | Apr 23, 2015 | Crime Insurance
Fidelity protects against loss from the dishonest or fraudulent acts of employees. Surety refers to the activity of bonding a person or persons. A surety bond provides for monetary compensation if the bonded person or organization fails to perform in a correct manner....
by CoverLink Staff | Mar 26, 2015 | Crime Insurance
The ISO program allows crime coverage to be a separate crime policy. Or, it can be a coverage part to join your other property coverage. Seven types of crime coverage are offered. You may take one, several, or all seven. The seven are: Employee Theft Forgery or...
by CoverLink Staff | Mar 26, 2015 | Crime Insurance
An employee, under Crime coverage, must be a natural person. A business organization is not an employee. Generally, the right to control and to direct a person makes a someone an employee. For insurance purposes, an “employee” may also be a former employee...
