Staff theft, whilst rare, does sometimes happen. Fortunately, arranging employee theft insurance is simple. If you think it’s appropriate and could help secure your small business, add it to your main policy today.
Employee theft insurance aims to protect your business against theft of property committed by your employees. As a pub landlord or restaurant manager, you probably understand the risks posed by members of the public, but what about the financial impact of employee theft? Any business that employs one or more members of staff is potentially at risk from an aggrieved employee lifting from the till or helping themselves to company property. The more employees you have the more likely you are to face such an issue. So that’s why it’s a good idea to protect your business from this kind of behaviour.
Fidelity insurance is slightly different, and may be taken together or separately from employee theft insurance. It can cover you for the loss of cash or stock taken over a period of time; if a staff member is found responsible for the loss. And it can also include cover for claims resulting from acts of fraud.
