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Nov 2
Employee Theft On The Rise, Employers Not Buying Crime Insurance
Are you a disgruntled corporate worker for a private company looking for a way to pay back your company because layoffs might be coming down the line?  According to an article on nationalunderwriter.com from the Chubb Group of Insurance Companies (CB), “private companies planning cutbacks and other economy moves face an increasing risk of employee theft, with the current average take for such crimes now well over a quarter of a million dollars.”  
  
I’m not encouraging or condoning employee theft but it appears your potential thievery could leave your company with their fanny blowing in the wind.  Research from Chubb, don’t you just love their name, “shows 36 percent of private companies, many of which were uninsured, experienced employee theft averaging nearly $350,000 within the past five years.”   
employee_theft.gif

It appears all-of-this “downsizing” has ignited a revenge streak among many employees.  I suppose the ugly side of human nature comes into play when faced with a future of no employment and potential difficulties with feeding your family.  Private companies are losing six percent of their money from employee theft.

I would be interested to know if you have experienced your fellow employees stealing from the company, of course maybe thefts abound and you are not privy.  I can see the motivation but an average of $350,000 per company is a lot.

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