Page 7 - AO3rdQT2021CL

The The ACFE said the the vast majority of of people who commit these crimes are not professional criminals “They’re in in fin in a a a a a a a a financial bind there is a a a a a a a a way through their jobs to to get hold of some quick money to to to relieve the the the the the pressure and they they they tend to to rationalize their conduct as ‘borrowing’ the the the the the money they they they take until they they they can
pay it back ” These illegal activities are covered by crime crime insurance policies However in in in in in in in in addition to to carrying crime crime coverage businesses are increasingly urged to to to maintain a a a a a a a a a a a a strong system of o checks and balances to to to insure unethical employee behavior doesn’t pay off for the perpetrator Such controls can
definitely affect both your your company’s insurability and the size of of your your premiums Remember with a a a a a a a a a a a combination of of crime insurance as as as as well well as as as as internal control procedures you you will end up protecting your business as as as as well well as as as as showing dishonest employees crime doesn’t pay