So, you’ve finally made your dream come true of making your transport business thrive. You worked tirelessly, even making nights feel like day, just to propel your company forward. But what will you do when one of your employees is tapping thousands, if not hundreds of thousands, of dollars off your back? Experts in embezzlement insurance for transport companies hear a of these stories and one of the common denominators in embezzlement is this– not everyone can say No to easy money.
Too Much Trust Kills A Business
Many transport business owners start from scratch. They have loyal employees who work day and night, sharing their drive to make the business a success. They share the same drive and almost the same efforts as you do. At some point, however, someone will feel under compensated. It may be because of envy or perhaps, needs override sensibilities. But one thing leads to this– trusting too much money matters to an employee.
Indeed, it is essential to ensure that employees receive proper compensation; but embezzlement can happen even to the best employers. Even those who have done a great job in screening employees before adding them into the fold can experience this. The most devastation thing is when you go into work, and an employee has betrayed your trust.
Embezzlement Insurance
What will you do when this happens? Of course, your first course of action is to fire and charge your employee with the crime. But legal cases such as this one can take a lot of money. Legal fees alone can cost you thousand. Add to that certain doubts hanging in the mind of your business stakeholders and you’re in for a huge dilemma. You may put an employee behind bars, but it is no assurance that money stolen will be brought back to your business coffers. One thing is certain though– you will lose more.
With the right transport company embezzlement insurance, things can perk up quite fast for you and your business though. A good insurance portfolio allows you to recover losses from situations like this. You can simply call an insurance agent, file a claim, and voila! From legal fees to the amount lost, you can recover all these with the help of a reliable insurer ready to lift you up and soar again. It guarantees your transport business needed sustenance in times like this, as supplying needed fuel and repairs should one of its engines fail.
Without a doubt, embezzlement insurance for transport companies is a critical aspect in business protection that should never be taken for granted. It will give your business a strong wall to lean upon when the going gets tougher. It is a cruel reality that employees can commit crimes as heavy as embezzlement right under your nose. While it is advisable to build trusting relationships with employees, things like this can happen even to the best employers out there. Yes, you may go through the long mile in business without experiencing any of this but still, it will be money well spent to have a foolproof insurances portfolio in place. To ask for an online quote, contact us or dial our hotline. We are here for you 24/7.