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All organisations are vulnerable to fraud, whether they are large or small, no matter which industry they operate in. A "Crime loss" can manifest itself in many ways and can continue for many years, often discovered purely by chance.
The financial impact on a business can be devastating.
This week, an article in the Birmingham Post details the case of Ewa Beinack, a payroll assistant who stole more than £300,000 from a Birmingham based recruitment agency over a five year period.
View the article here
A company’s first line of defence against fraud is its internal controls and procedures. But no matter how robust a company’s controls are, they are only as effective as the individuals who are operating them.
Starting at just £550 - a Crime Insurance policy can provide for a broad range of fraud risks and provide important peace of mind.
Talk to TLO about considering whether to include this area of cover to your insurance protection.
Specialists in Professional Risks Insurance