Employee dishonesty is far more common than most employers think. The average business loses 6% of its total annual revenue to employee fraud. And with most of these types of losses occurring over months or years, the ultimate loss figure can typically be much higher. Not surprisingly, roughly one-third of business failures are tied to an uninsured or underinsured crime or fraud.

While internal fraud controls are important to limit employee-crime related losses, Fidelity Insurance, which covers these types of losses, is vital as well.

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