We are careful in the selection of our employees.
Naturally you are, but the majority of employees who steal are 'first time offenders'.
Our employees have proved themselves honest and completely trustworthy.
Every employee who steals once enjoyed the trust of his employer and colleagues and seldom commences stealing before gaining that confidence.
Our accounting procedures are foolproof.
Famous last words. Many of the largest frauds occur in companies who say precisely this. However effective the internal control and accounting system, it is rarely unbeatable.
We have highly professional accountants and a statutory audit.
Whilst auditors may act in a preventative role, their main function is to verify annual accounts. Few losses are discovered by auditors, but rather by chance, such as by an inquisitive staff member, or following complaints by a client.
We would not want to offend staff who have been with us for many years.
Thoughtful and considerate, but employees rarely object. If all employees are insured, no one employee or department need feel picked upon.
We have automated payment systems and our employees handle little money.
What about forged or fraudulently altered transaction instructions? Paying fictitious bills for non-existent merchandise to non-existent suppliers?
We have never suffered a theft by an employee.
That may be true, but the fact that you may never have had a fire or a vehicle involved in an accident, does not prevent you taking out property insurance.
The cost is likely to be excessive.
You will probably be pleasantly surprised.
Please Note
The summary only provides brief details of the type general cover available. This varies for each Profession/Business. Cover will also vary depending on the Insurer issuing the policy. For precise cover, conditions and exclusions applicable, please request or download a specimen policy document.
< Click here to return to the Crime Insurance menu and introduction.
top of page
Corporate &
Commercial
