Any business employer needs to be concerned
with Employee Dishonesty or any business handing cash or securities
needs protection from robbery or theft will need Fidelity.
Because crime-related losses are not typically covered by
most property insurance policies, crime protection insurance
is a necessary component for any business. Unfortunately,
the majority of businesses don't purchase enough crime protection.
If yours is like the average U.S. business, you can expect
to lose 6 percent of your total annual revenues to employee
According to a recent study by the Association of Certified
Fraud Examiners (ACFE). It estimates the average business
is losing six percent of its total annual revenue from losses
involving employees — on average more than $9 per day
For an organization with 40 employees, with 250 workdays
in a year, this could amount to as much as $90,000 off its
Add to this other crimes such as robbery and burglary, where
small operations are especially likely to be victims, losing
at least 20 times more than large corporations. In fact, shoplifting,
robbery and burglary put such a disproportionate strain on
small firms that many disintegrate as a result.