Business Fraud

Recent research into Business Fraud has found that companies have become increasingly vulnerable from fraud perpetrated by its own employees.

This disappointing fact has arisen because staff have access to infomation regarding company working practices, that enables them to cirumnavigate the security measures that you have in place to protect the company from external influences. The employees are also in a position to be able to hide their actions from your normal security measures.

Many insurances exclude cover against incidents of this nature, especially if it doesnt come to light within a short specified time period. Happily we are in a position to provide cover for :

  Fraud perpetrated by an employee whether it be theft  or dishonesty

  Acts committed by an individual or by several working together

  Losses arising from a single incident or a series over a period

Remember that losses of this nature can occur over a very long period of time  in small amounts but can add up to a significant loss.

PIB Tip
Often losses of this nature originate from employees that have a purchasing role within the company, operating with the assistance of a supplier.