By taking an employee dishonesty insurance policy, you will have secured your business against any form of employee dishonesty including theft of money, insecurities or property. Crime coverage policy, employee dishonesty bond, fidelity bond, and fidelity insurance bond are other terms that can be used to refer to an employee dishonesty insurance policy.

It will be a wise decision to cover your business against employee dishonesty which causes most witnessed financial losses in many businesses. There are some financial losses in a business that cannot be taken care through the security enhancements such as embezzlement, vendor kickbacks, employee shoplifting, check tampering, phony invoices, and receipts. 

Such losses, therefore, calls for securing your business by taking up an employee dishonesty insurance policy.  There are several facts about an employee dishonesty insurance policy.  The best thing about an employee dishonesty insurance policy is that it caters for several business losses under one cover.  Read on InsuranceHub

Employees, trustees, members, partners, independent contractors, and former employees are some of the people that are covered against dishonesty by the employee dishonesty insurance cover.  The insurance company of your choice should assist you in deciding which of the policies offered best suits your business.

Under the employee, dishonesty insurance policy are other optional coverage including data theft, money order, and counterfeit fraud, computer fraud, and forgery.  The insurance company of your choice should advise in advance on which optional coverage you should go for your business.

Money orders, money, bank notes, securities, and tangible property are some of the properties that an employee dishonesty insurance policy covers against. An employee dishonesty insurance policy will ensure that you get covered against all these losses which are possible with many businesses. It might be hard to identify any such losses, and for this reason, you will require to conduct an audit to keep your business finances in check. Also visit https://insurancehub.com/business/auto-services-insurance/

A third party can also be a beneficiary of your employee dishonesty insurance policy. If your employee causes any financial losses to the third party company through theft, then the company is eligible for compensations.

However, the fidelity bond policy excludes some covers such as math errors, theft by the policyholder, accounting errors, and government destruction of property.  An insurance policy cannot cover inevitable occurrences such as human errors.  Unless you can prove that a business loss resulted from employee dishonesty and not human error, you will not be eligible for compensation under the employee dishonesty insurance policy. It is essential to determine the maximum time your insurance company offers before you can report on detected losses due to employee dishonesty. View https://www.youtube.com/watch?v=J8k05E6RldQ