Many CEOs of small- to mid-sized companies treat employees like family. With low turnover and high morale, you figure your workers would never engage in fraud or embezzlement.
Buried in debt and facing steep mortgage payments, even honest employees can grow desperate. Small- and mid-size companies that lack sophisticated internal controls are especially vulnerable to theft.
Property insurance does not cover losses tied to employee theft or dishonesty. From credit-card fraud to theft of physical equipment, your company can suffer a severe hit from such misconduct.
To find out how to protect your company, here are some well-thought out suggestions from ChiefExecutive.net