minimize the impact of employee crime
If funds go missing, what recourse do you have? In general, employee dishonesty (embezzlement) coverage applies to funds stolen by:
- An elected officer, trustee, or director
- Any employee
- Any volunteer
You can minimize your exposure to embezzlement. We recommend that you:
- Require two signatures on checks
- Never pre-sign checks
- Split responsibilities so that whoever is authorized to withdraw funds is not also the person reconciling monthly statements
Click here to see claims examples involving embezzlement.
Independent contractors are excluded. For example, an accounting firm would not be covered under your plan.
Your organization’s crime limits are specific to your location. You can find the details in your Insurance Overview.
contact us
We can help you understand the terms of your coverage for crime, embezzlement, or other concerns you may have.
FAQs
Have more questions? Our FAQ covers general liability, employee/employer questions, and much more.