Employers should always be thorough in screening potential employees. Reference checks, background and drug screenings, as well as employment verification are all critical to the hiring process for any business, but sometimes, even when an employer makes the best effort possible to take precautions against hiring an untrustworthy employee, surprises do occur. According to the U.S. Chamber of Commerce, 75% of employees steal from the workplace and most do so repeatedly. An employee theft can seriously damage your business, especially small companies, because many of them cannot afford extensive insurance policies and aren’t large enough to recover from the losses. The Chamber estimates that one third of small business bankruptcies are the result of employee theft.<\/p>\n
There is an affordable way to insulate yourself from any financial loss that may result in this situation. GTM Employment Benefits can now offer some protection against an employee\u2019s dishonest actions by\u00a0providing a fidelity bond (also called \u201cemployee dishonesty insurance\u201d). A fidelity bond protects an employer from theft \u2013 cash, checkbook, credit cards, or any property, including your clients’ property \u2013 by covering the employer for any such losses.<\/p>\n
For more information on employee theft, see the University of Cincinnati’s survey of small businesses<\/a>. If you are interested in employee dishonesty insurance for your business, contact<\/a> GTM Employment Benefits at (518) 373-4111.<\/p>\n","protected":false},"excerpt":{"rendered":" Employers should always be thorough in screening potential employees. Reference checks, background and drug screenings, as well as employment verification are all critical to the hiring process for any business, but sometimes, even when an employer makes the best effort possible to take precautions against hiring an untrustworthy employee, surprises do occur. According to the […]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[266],"tags":[16,18,25,29,10],"post_folder":[],"class_list":["post-1945","post","type-post","status-publish","format-standard","hentry","category-consulting-services","tag-employees","tag-employer-policies","tag-hiring","tag-insurance","tag-small-business"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/1945","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=1945"}],"version-history":[{"count":2,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/1945\/revisions"}],"predecessor-version":[{"id":13663,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/posts\/1945\/revisions\/13663"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=1945"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/categories?post=1945"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/tags?post=1945"},{"taxonomy":"post_folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/post_folder?post=1945"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}