Three in five privately held companies report that it is likely that an employee will steal company funds or equipment this year, according to the Chubb 2004 Private Company Risk Survey, sponsored by the Chubb Group of Insurance Cos.

“Employee crime is one of the biggest and costliest problems facing private businesses today,” said Lisa McGee, a vice president of Chubb & Son. “As a provider of crime insurance, Chubb has seen how the theft of funds or equipment can have a devastating financial impact on a company, especially a small private firm.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.