{"id":186,"date":"2014-02-13T15:27:25","date_gmt":"2014-02-13T20:27:25","guid":{"rendered":"http:\/\/www.bfbond.com\/blog\/?p=186"},"modified":"2014-02-13T15:27:25","modified_gmt":"2014-02-13T20:27:25","slug":"crime-insurance-what-is-it","status":"publish","type":"post","link":"https:\/\/bfbond.com\/blog\/crime-insurance-what-is-it\/","title":{"rendered":"Crime Insurance what is it?"},"content":{"rendered":"

Crime Insurance
\nFor Private and Non-Profit Organizations<\/h1>\n

 <\/p>\n

Crime insurance<\/a> AKA Fidelity addresses the most common fidelity threats, including losses due to employee dishonesty, credit card forgery, computer fraud and theft and disappearance and destruction of property.\u00a0 With crime protection from Bernard Fleischer & Sons, Inc, you can obtain a wide range of coverages to help protect your business against financial loss due to certain crimes.<\/p>\n

\n
Fidelity and Crime Coverage<\/strong><\/a><\/div>\n
You know and trust the people who work for you, but<\/div>\n
that trust may be misplaced. After all, one third of all<\/div>\n
employees admit to stealing from their employers. And<\/div>\n
we\u2019re not talking about the pens and paper: The median<\/div>\n
loss from employee fraud is $175,000.*<\/div>\n
Maintenance of strong, enforceable internal controls<\/div>\n
should be a priority for any entity. Yet even the best<\/div>\n
internal controls, no matter how well conceived,<\/div>\n
frequently fall short of stopping a trusted employee<\/div>\n
from engaging in fraudulent activity. In fact, the<\/div>\n
median time length of occupational fraud schemes is<\/div>\n
18 months, and the number one way that an employer<\/div>\n
discovers a crime is by accident.*<\/div>\n
Fidelity and Crime Coverage provides an important<\/div>\n
backstop against the actions of a thieving employee. With<\/div>\n
this coverage, your company\u2019s assets are protected at<\/div>\n
the time of a crime\u2019s discovery, regardless of whether it<\/div>\n
occurred prior to or during the policy period.<\/div>\n
<\/div>\n
Why you need protection<\/strong><\/div>\n
Employee dishonesty is costly and pervasive.A high<\/div>\n
percentage of business revenue was lost as a result<\/div>\n
of occupational fraud and abuse. And, when it comes to<\/div>\n
occupational fraud and abuse, your business\u2019 size doesn\u2019t<\/div>\n
matter \u2014 no business is safe.<\/div>\n
<\/div>\n
Claim scenarios<\/strong><\/div>\n
<\/div>\n
Stolen inventory<\/em> \u2013additional inventory of<\/div>\n
products for alleged seasonal sales pushes. In reality, a<\/div>\n
portion of that inventory was sold \u201cout the back door\u201d<\/div>\n
unbeknownst to corporate headquarters.<\/div>\n
<\/div>\n
Embezzlement<\/em> \u2013<\/div>\n
An employee altered company deposit slips after<\/div>\n
the owner of the company had approved them. The<\/div>\n
employee would prepare two deposit slips: one<\/div>\n
depositing funds into the company\u2019s account, the other<\/div>\n
depositing funds into the employee\u2019s bank account.<\/div>\n<\/div>\n
Payroll fraud<\/em><\/div>\n
A payroll employee had access to payroll checks and<\/div>\n
vacation checks. Over an eight-year period, the clerk<\/div>\n
issued duplicate checks on all legitimate employee<\/div>\n
vacation pay.<\/div>\n
<\/div>\n
False payment<\/em><\/div>\n
In less than a year, a sales supervisor located outside<\/div>\n
of the United States When customers legitimately purchased<\/div>\n
and received goods, the employee stole their payments<\/div>\n
for his own use. The employee attempted to cover up<\/div>\n
the loss by substituting fraudulent checks drawn upon<\/div>\n
other third party entities.<\/div>\n
<\/div>\n
Billing scheme<\/em><\/div>\n
Four employees colluded to defraud their employer<\/div>\n
through a phony billing scheme. The employees, including<\/div>\n
a supervisor, established fictitious vendors and submitted<\/div>\n
bills for work performed by other, genuine vendors.<\/div>\n
Innovative risk management services<\/div>\n

 <\/p>\n

To learn more about our fidelity and crime coverage<\/a>,<\/div>\n
talk with us 212 566-1881<\/div>\n","protected":false},"excerpt":{"rendered":"

Crime Insurance For Private and Non-Profit Organizations   Crime insurance AKA Fidelity addresses the most common fidelity threats, including losses due to employee dishonesty, credit card forgery, computer fraud and theft and disappearance and destruction of property.\u00a0 With crime protection from Bernard Fleischer & Sons, Inc, you can obtain a wide range of coverages to … Continue reading Crime Insurance what is it?<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[57,5],"tags":[58,60,59],"_links":{"self":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/186"}],"collection":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/comments?post=186"}],"version-history":[{"count":1,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/186\/revisions"}],"predecessor-version":[{"id":187,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/posts\/186\/revisions\/187"}],"wp:attachment":[{"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/media?parent=186"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/categories?post=186"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bfbond.com\/blog\/wp-json\/wp\/v2\/tags?post=186"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}