Staff theft, while rare, does sometimes happen. Fortunately, arranging employee theft insurance is simple. If you think it would be appropriate and help secure your small business, add it to your main policy today.
Employee theft insurance protects your business against property thefts committed by employees. As a shop owner, you probably understand the risk of shoplifting by customers; but what about financial impact of employee theft? Any business that employs one or more 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, but it’s also true that small businesses are easier to target.
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 over a period of time, should a staff member be responsible and can include acts of fraud.