Employee theft costs businesses an estimated hundreds of billions of dollars each year and a report from The Hanover Insurance Group, Inc. has some insights on the four most common crime schemes impacting business owners and recommendations on how to prevent them from occurring.
"Business owners spend a significant amount of time and resources protecting their business from a variety of risks, whether it's liability for their products or services or severe weather," said Helen R. Savaiano, president of management liability at The Hanover. "But, what can sometimes be overlooked are the risks presented by unscrupulous employees and unfortunately, those types of losses happen more often than business owners think."
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
- Educational webcasts, resources from industry leaders, and informative newsletters.
- Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.
Already have an account? Sign In
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
