Who is at Risk?
Small business operations that have limited procedures, policies and internal control mechanisms in place are particularly vulnerable to employee theft and fraud. Examples of dishonest activity within an organization include:
If the perpetrator is currently employed, you should first consult your organization’s HR department to obtain guidance on next steps. If the matters are criminal in nature, or if you continue to be victimized by a current or past employee, contact the police immediately. The police will guide you through the steps you need to take to protect the crime scene and gather evidence for criminal charges.
Consult with your lawyer and human resources leadership team to determine the course of action when the perpetrator is currently employed.
Contact your insurance representative to report the incident and confirm what coverage you have in your business policy.
There is much you can do to manage theft risks. Speak with your insurance representative about best practices for fighting employee theft and further guidance on risk management.