by
on September 08, 2023
Employee theft should always be a concern, but the risk is even greater during the tough economic times impacting those in the construction and subcontracting industries. Normally honest, loyal employees may resort to theft due to increasing debt and financial pressure at home. Employees may rationalize such behavior even more if your company is struggling and they’re worried about job security.
You may not think of employee theft as a big threat on the job site, but there are several risks you should take into account. Any worker or foreman who handles payments, invoices or other financial aspects of your business poses the greatest risk. However, employees may also steal raw materials, tools or other equipment. In addition, time theft is a concern if employees arrive late, leave early or take extended breaks.
To prevent theft at your organization, consider the following safeguards:
To learn more about Embezzlement Insurance and how to prevent employee theft, contact at (877) 780-4626 today.
Get a free insurance quote from Defy Insurance: https://zurl.co/FsxS
How Insurance Can Safeguard Your Construction Business
Cash flow poses a common challenge for small businesses, particularly those in the construction sect...
Are you considering launching your own interior design business?
Become our partner and enjoy all the premium features.
Copyright © 2025 Defy Insurance