L Squared Insurance Agency Blog: crime insurance; employee theft
View the latest blog posts from L Squared Insurance Agency.
Monday, October 30, 2017From a Law Firm Trust/IOLTA accounts, to business checking accounts, and to fraudulent payments to vendors an embezzler is every business nightmare. Nothing can destroy a business quicker that having an embezzler working for you. A recent article from Property Casualty 360 discusses the 5 warning signs on an embezzler: READ MORE >>
Tuesday, August 30, 2016Whether it is office supplies, time theft, privileged information or money, employee theft can create a significant cost for firms. According to the U.S. Chamber of Commerce approximately 75% of all employees steal from work in some way, and about 30% of all corporate bankruptcies are a direct result of employee theft. READ MORE >>
Monday, August 22, 2016In 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 READ MORE >>
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