Call Us CALL US TODAY | (888) 337-9322
Auto Insurance AUTO

Auto insurance protects you against financial loss if you have an accident.

Read More
Homeowners Insurance HOME

A standard policy insures the home itself and the things you keep in it.

Read More
Business Insurance BUSINESS

Discover the perfect insurance options to meet your specific and unique needs.

Read More
Life Insurance LIFE / ANNUITY

Browse a variety of insurance options in order to find the right one for you.

Read More
Employee Benefits Insurance EMPLOYEE BENEFITS

Learn about different coverage options that fit your specific business needs.

Read More
What's New? DSI Newsfeed

What DSI can do for you. Check out our videos, news and blogs.

Read More

Employee Stealing

"My employees would NEVER steal from me."  We hear this from business owners frequently.  You would be amazed at how many claims we file from small business owners that have key employees steal money.  It usually starts out small.  Employees "BORROW" $20 from the cash drawer over the weekend and never put it back because nobody notices.  Then they have a family emergency and need $100.  Then it spirals out of control into the thousands of dollars.  

General liability policies typically do NOT include any employee dishonesty coverage.  Sometimes you can add the coverage by endorsement but we recommend that you get a separate policy usually in the form of a bond.  It typically isn't that expensive, usually under $500 in premium.

Usually, it is the employee that is closest to the owner.  We had a business owner call in one day about his administrative assistant stealing over $20,000 from him.  Not only was she a key employee, she was his kids babysitter.  He was so distraught over the entire ordeal because he felt like she was family and he would have loaned her the money had she just asked.  Now he feels like there was a death in the family.  The missing $20,000 was really causing a cash flow problem with his business though. 

Call your agent at Darr Schackow insurance and ask us what options you have to cover employee theft.  

Contact us or get a commercial insurance quote now
Share |

No Comments

Post a Comment
Required (Not Displayed)

All comments are moderated and stripped of HTML.
Submission Validation
Change the CAPTCHA codeSpeak the CAPTCHA code
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016

View Mobile Version
© Copyright. All rights reserved.
Powered by Insurance Website Builder