Find out about the Pool’s history with these types of claims. Discover our best advice to members moving forward and ways that you can evaluate and remedy the risk where you work.
READBeware the wolves in your midst. Internal fraud can be just as costly and frequent as external, but chances are you aren’t ready for it.
READApproximately 76% of districts that purchase Crime coverage only buy the minimum. While $5,000 may seem sufficient, you don’t need a lot of imagination to think of a scenario in which you’d find yourself grossly underinsured.
READThe U. S. Department of Commerce has released figures indicating that employee theft costs U.S. businesses over $40 billion per year, playing a significant role in 95 percent of business failures and nearly a third of all business bankruptcies. Special districts, like most other governmental and business entities, are always vulnerable to internal threats that can come from employees, including managers and even board members. Yet, many organizations still believe it couldn’t possibly happen to them.
READRecently, two well-publicized cases of employee embezzlement and dishonesty of public workers in Colorado have put the spotlight on special districts. In one instance, an employee was implicated in the embezzlement of over a million dollars, and in another, a former fire chief was charged with the theft of over half a million dollars in […]
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