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Category Archives: Commercial Crime Insurance

How Small Businesses Can Prevent Commercial Crime

How Small Businesses Can Prevent Commercial CrimeAs a small business owner, you are faced with a lot of expenses just to keep your business running. When it comes to insuring your property like your building, equipment and inventory, those are tangible losses that you can visualize and put a value on. But, when it comes to commercial crime insurance, you may hesitate.

You think you are surrounding yourself with trustworthy people, so no need for …

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Survey Shows Occupational Fraud Costs Typical Organization 5% Annually

Survey Shows Occupational Fraud Costs Typical Organization 5 AnnuallyInternal Theft Universal Problem for Businesses

The Association of Certified Fraud Examiners (ACFE) recently released its annual study, Report to the Nations on Occupational Fraud and Abuse, revealing that the typical organization loses 5% of revenues each year to fraud. Moreover, the median loss caused by the frauds in the study was $145,000. Additionally, 22% of the cases in the study involved losses of at least $1 million. …

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