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In a recent blog referenced a study by Hiscox Insurance about employee embezzlement with small companies.  The following link references the study previously mentioned:

http://www.hiscox.com/shared-documents/14537-US-2016-Hiscox-Embezzlement-Study.pdf

 

Here are actual stories actual examples of employees stealing money from their employers.  The following link discusses a company controller that stole money from his employer and sent to an “overseas woman”. 

http://www.insurancejournal.com/news/east/2016/08/22/424044.htm

The money is gone, likely the company is out the $1.4 million. 

Hopefully the companies involved had crime insurance policies to reimburse them for the losses.

L Squared Insurance Agency specializes in writing coverage for law firms, accounting firms, title agencies and dentists that all should have crime insurance.

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