Employee dishonesty insurance protects your business from financial loss caused by employee theft of money, property, or securities. It can be overwhelming to try and grasp the complexities of the policy. At El Dorado Insurance, our specialists will work closely with you to ensure the process is simple, smooth, and easy. Here are just a few of the reasons you should choose us for your employee dishonesty insurance.
Let El Dorado Protect Your Company from Acts of Employee Dishonesty
Fidelity (Employee Dishonesty) Bond for Businesses
Crimes like financial forgeries, embezzlement, unauthorized money transfers, computer fraud, and others are far too common in the workplace.
Employee dishonesty insurance is crucial to businesses of any size. A commercial crime policy compensates the business owner for employee’s actions that can cause financial harm to the company. Of course, you want to be able to trust your employees, but sadly, crimes like financial forgeries, embezzlement, unauthorized money transfers, computer fraud, and others are far too common in the workplace. Having an employee dishonesty policy in place can help mitigate these types of losses.
Business owners who are worried about crime-related losses caused by employees are provided a layer of protection when they have employee dishonesty, employee theft, or fraud coverage. Coverage is relatively extensive, and affordable when you take into consideration the potential cost of losses. It’s a commonsense way to protect your business and assets.
Why Choose El Dorado Insurance for Your Employee Dishonesty Insurance?
Finding the right Employee Dishonesty Insurance for your business
Expectations and Requirements
There are no legal requirements to carry employee dishonesty insurance. For the most part, employers want to trust those they hire to help them run the business. There is always risk involved. Small businesses are particularly vulnerable to dishonest acts and employee theft. They may not have systems in place that can prevent these types of crimes.
Covering Your Losses
Recent stats indicate that nearly 75% of employees admit stealing from employers. One bad apple can ruin your reputation and many companies end up filing for bankruptcy due to internal losses. A policy can help protect you. It can mean the difference between having to shut your doors or keep them open.
Employee Dishonesty & Theft Insurance
Employee theft can take many forms. Stealing merchandise, office equipment, or taking cash from a register, are easier to spot. Transferring funds, diverting checks, or cybercrimes are more difficult. Employee dishonesty and theft insurance covers your business from financial loss caused by actions of dishonest employees.
Employee Theft Policy Modifications
As your business changes, your needs for insurance changes too. We understand that and that’s why we allow you to make modifications to your policy as needed. An El Dorado insurance specialist can assist you in making applicable changes that change or grow with your business and its needs.
We hope your business never suffers loss due to employee dishonesty. But having a policy with El Dorado can help cover your assets if an employee steals property or cash, commits credit card fraud, forgery, or embezzles. Having employee theft insurance can help keep you out of bankruptcy court.
When it comes to setting deductibles for your policy, we work closely with you. Our specialists will help you determine deductible amounts that fit your budget and your situation.
Protect Your Business
Complete our easy online application to begin the process to better protection and less risk.
Select only coverages that apply to your business, so you get the right coverage at the right price.
Get competitive quotes from specialized carriers and quickly get bound coverage to protect your business!