Risk Assessment

16/05/2007   Employee fraud is on the way up

Fraud committed by employees has risen by a whopping 200% in the last three years according to Norwich Union. They claim the most common factors that influence the rise as gambling addiction, the need to finance an extravagant lifestyle or simply to pay off debts.

It is normal to insure Fidelity Guarantee or "dishonesty of employees" cover within your Jeweller's Block Policy for theft of stock, however a seperate and specialist Fidelity Guarantee Policy needs to be arranged to cover other forms of accounatncy fraud such as the creation of fictitious suppliers or customers.

GJIS will be pleased to provide you with a quotation for this cover.