Employee Theft Insurance

There has to be a degree of trust between you and your employees when operating a business, and because of this, the risk of employee theft is always present. Almost all businesses are going to need criminal insurance to cover theft by employees and theft by outsiders. Insurance Price can offer you a free quotation for an employee theft insurance policy with competitive premiums and excellent cover.

Theft by Employees

You are going to have to trust your employees with some of your business assets at some point, and there is a mutual trust – you expect your staff to be honest. There aren’t any easy ways to prevent theft by employees – you never really know what people are capable of under certain circumstances. For example, an employee could be going through extreme debt troubles which may sway them to commit an act of embezzlement.

Fortunately, our employee theft insurance policy will cover you against acts of employee theft, which is probably the most important of criminal insurance cover that you can purchase for your business.

Dealing With Employee Theft

You should contact the police if you suspect that an employee has stolen from you. This is important – trying to solve the crime yourself could affect any investigations by the police. You should cooperate with the authorities and keep us informed on any developments with the case. If you would like to make a claim, you will need concrete evidence of the theft so we can help you recover the correct amount of losses. If the theft is proven, the criminal should always be prosecuted. Letting employees off with just a warning is unlikely to deter future theft and could send a bad message out to the rest of your workforce.

Get The Correct Level Of Cover

Ensure that you get the right cover for your business to keep it healthy and profitable. Talk to one of our expert advisors today on 0161 763 8222, or alternatively request a time for us to contact you back.