COVID-19: Information for our clients

Employee dishonesty Insurance Woodstock

It's an unfortunate thing, but one of the largest sources of loss for Canadian businesses in the last several years and climbing has been employee theft. It's a topic that can be difficult to discuss because it represents more than just a regular theft, it's a betrayal of trust. Still, it's a concern that businesses should be prepared to address, and the best way to do so is with an employee dishonesty insurance policy in Woodstock.

Employee dishonesty covers a range of different behaviours and crimes. When we think of employee theft, it's easy to tunnel vision on the obvious, an employee with an hand in the till, or a stock worker walking a bunch of product to the trunk of their car. But there is more to consider. Fraud can be more devastating than any fast hand in the cash drawer. The improper allocation of funds and resources can mean huge losses that can go undetected for months or even years and be difficult to recover when they are discovered. Sweetheart deals and shady backscratching are also pitfalls that you need to watch out for.

The worst of employee dishonesty isn't a spur of the moment theft, it's a long-term sabotaging of your business. It can hurt your business financially, and in reputation and trust. Our brokers understand the nuances of this kind of threat can help you protect yourself from them.

With the proper employee dishonest policy in Woodstock, you can be covered if the worst should happen. We all hope we can trust the people we work with enough to never need to use a policy like this, but it's better to be sure you'll be protected when you need it. Contact us today to get started.