Category Archives: Crime Coverage

Misplaced Trust

Beware the wolves in your midst. Internal fraud can be just as costly and frequent as external, but chances are you aren’t ready for it.

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Ask the Experts: Fraud and Embezzlement

Approximately 76% of districts that purchase Crime coverage only buy the minimum. While $5,000 may seem sufficient, you don’t need a lot of imagination to think of a scenario in which you’d find yourself grossly underinsured.

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Embezzlement Costs Special Districts Millions

The U. S. Department of Commerce has released figures indicating that employee theft costs U.S. businesses over $40 billion per year, playing a significant role in 95 percent of business failures and nearly a third of all business bankruptcies. Special districts, like most other governmental and business entities, are always vulnerable to internal threats that can come from employees, including managers and even board members. Yet, many organizations still believe it couldn’t possibly happen to them.

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Employee Theft and Loss Prevention Best Practices

In today’s struggling economy, employee theft is one of the fastest-growing and most costly problems facing businesses today. Ever-changing economic development, advances in technology, and international expansion of businesses have made this threat of loss all the more ominous, to the point that it can be very unfortunate for those who do not have coverage in place.

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Tips for Protecting Yourself from Identity Theft

Recently, a friend of mine got a phone call from his bank to alert him that they were freezing his account. The representative described to him a series of suspicious transactions which were indeed purchases he had not authorized. It turned out to be a scam, and if he had fallen for the ruse, he would have given up personal details allowing unscrupulous people to raid his account.

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