It is a relatively low-cost insurance policy (averaging $300 premium for $100,000 coverage) that provides coverage for employee theft from workplace. Most employee committed theft involves cash but other valuable items such as stock, office equipment or securities may be stolen from the workplaces as well.
ACTUAL CRIME LOSS EXAMPLES
- The Treasurer of a Senior Living Condominium Association, an 88 year old trusted resident of the community, embezzled over $300,000 of the association fees over a 6 year period.
- Bookkeeper embezzled over $300,000 from Medical Orthopedic Practice.