Many employers do not realize how vulnerable they are to financial loss caused by the fraudulent acts of their employees. Every year, millions of dollars are lost due to employee dishonesty.
Many businesses suffer severe financial damage and, in a number of cases, even end up in bankruptcy.
It's not uncommon when reading the paper to see articles about the long-time, trusted employee who has been siphoning money out of the employer's business for years. There are two steps that should be taken. The first step is to establish a loss prevention program. The second step is to obtain employee dishonesty insurance. A loss prevention program for employee dishonesty involves many factors.