Employee Dishonesty Liability Insurance

Fraud and embezzlement in the workplace is on the rise.  We have seen an increasing trend from our own clients involving Employee Dishonesty.   The Association of Certified Fraud Examiners (ACFE) estimates business losses at $400 billion per year or about 6% of total annual revenue.   Small companies can be especially effected by theft and embezzlement because they can’t afford extensive safeguards and aren’t large enough to absorb losses.

Consider too, your Office Package policy (BOP) and other Employee Dishonesty Policies may not provide coverage if the theft is of your client funds, or if the theft is by a third party (non employee).

NAPLIA provides Employee Dishonesty coverage through The Hartford.  This policy provides coverage for your client funds (referred to as, third party coverage) and can provide coverage for non-employees (Crime coverage).

The Hartford was founded in 1810 and is nationally recognized for its financial strength and stability, writing over $27 billion in revenue.  See The Hartford's financial strength at a glance, click here (pdf).

The increasing trend in workplace fraud and the relatively low cost of these policies, makes Employee Dishonesty Insurance a coverage that we recommend highly to each of our clients.