No matter how well you vet prospective staff, employee theft is one of the leading causes of loss within many businesses. This danger is increased for staffing agencies that help provide other companies with a responsible workforce. With so many employees, it can be difficult to ensure that everyone is remaining professional. To protect both the company’s and the client’s assets, it’s important to understand how staffing crime liability works.
Many people think that employee theft mainly consists of lower-level staff grabbing supplies from the stock room or pilfering a client’s personal goods. However, there are many different types of crimes that occur. According to experts at www.wwspi.com, excellent liability coverage should include the following possibilities:
- Trade secret theft
- Funds embezzlement
- Client property crime
- Identity theft
- Security breach recompense
More than just pocketing staplers and ballpoint pens, the advent of electronic funds transfers and computerized accounting make it easy for someone with the right clearance to cause a lot of damage. Staffing agencies that supply workers to small businesses place a lot of trust in those individuals. Understanding that mistakes can happen and that trust may be misplaced is the first step to safeguarding your business against employee risk. Mitigate the damage caused by staffing crime liability and protect your business from underhanded employees with crime coverage today.