Very few agents actually carry fidelity coverage. That’s really just stupid. Would you allow a $1,000,000 building to go without fire coverage? But you allow one dishonest employee to have basically unlimited access to your checkbook. Just dumb.
As an agent, I not only have a crime policy with a limit of $100,000, I also have an additional $100,000 Dishonesty Bond.
I have had to fire two employees in the last year for stealing money from me. Both times thay have swept customer payments from my account, and stuffed the cash payment into their pockets. I caught them after one or two times it happened.
How stupid can people be. They get arrested, get their names in the paper and can never work in an environment where they need to be trusted with money or valuable inventory.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
now this is just amazing…
Very few agents actually carry fidelity coverage. That’s really just stupid. Would you allow a $1,000,000 building to go without fire coverage? But you allow one dishonest employee to have basically unlimited access to your checkbook. Just dumb.
This why you have one person writing checks and a second person balancing the account every month
You hope the duties are separate. Too many employers are just plain stupid about business controls.
As an agent, I not only have a crime policy with a limit of $100,000, I also have an additional $100,000 Dishonesty Bond.
I have had to fire two employees in the last year for stealing money from me. Both times thay have swept customer payments from my account, and stuffed the cash payment into their pockets. I caught them after one or two times it happened.
How stupid can people be. They get arrested, get their names in the paper and can never work in an environment where they need to be trusted with money or valuable inventory.