Does Business Insurance Cover Embezzlement?
When business owners rank the risks they face, they rarely put embezzlement close to the top of the list. But just because embezzlement is not one of the most common concerns does not mean it’s not consequential. According to Entrepreneur, 30 percent of embezzlement crimes end up costing companies upwards of $500,000. And those damages are not limited to the largest companies. Up to 80 percent of all embezzlement happens