Inner Turmoil
An employee crime spree? Make sure you're covered.
If a stranger breaks into your business and takes cash or property, your insurance will probably cover it. But what if an employee steals from you? Most business insurance packages include employee dishonesty coverage, but it may not be enough.
The limit on employee dishonesty coverage in most standard policies is $25,000. That's a drop in the bucket if your bookkeeper embezzles several hundred thousand dollars. James T. Harrison Jr., president of Florida Insurance School-Continuing Education Inc. in Tallahassee, Florida, has this advice:
Continue reading this article -- and everything on Entrepreneur!
Become a member to get unlimited access and support the voices you want to hear more from. Get full access to Entrepreneur for just $5!
