Employee fraud/theft frequency and severity continues to rise for all sizes of business each year. Companies that have less than 100 employees are especially vulnerable, as that employer size has the highest percentage of frequency of fraud/thefts and the highest median amount stolen. The single biggest denominator in almost all cases is the lack of internal controls that the company had in place. As I will explain below, implementing the right internal controls can be the difference between experiencing a large theft and protecting those company assets.
While there are many insurance options for this kind of loss, the preferable option is to never have to get to that point. Because so many companies that work in construction and the...Read More