Fraud and embezzlement in the workplace is on the rise, occurring in even the best work environments.
These frauds can go on for years, and when discovered the ultimate impact can be enormous. Smaller companies are especially vulnerable to Fidelity crimes.
Most business insurance policies either exclude or provide only nominal amounts of coverage for loss of money and securities as well as employee dishonesty exposures.
The American Management Association has estimated that employee dishonesty causes as much as 20% of the nation's business failures.
White collar crime can have serious financial consequences, even threatening a private companys survival.
To put it bluntly: it is the loyal, long term, conscientious and trusted employee whose dishonesty can put you out of business. The programmer who never takes a vacation and is never sick. The long term employee who is just like family. Let's face it. Only employees like this really have the opportunity steal over a long period of time. Only employees like these can take enough to jeopardize the financial survival of your firm.