Employee dishonesty coverage is purchased to protect from (oh surprise) the dishonest acts of employees.
--The bookkeeper steals from petty cash.
--A stockroom employee steals and sells off inventory items.
Most policies don't cover the theft, by an employee, of customer property. So, if you run a cleaning service, your policy may not cover you if an employee steals jewelry from a client. Any company where employees are in a customer's office or home may have this gap in coverage.
Check with your agent.
--The bookkeeper steals from petty cash.
--A stockroom employee steals and sells off inventory items.
Most policies don't cover the theft, by an employee, of customer property. So, if you run a cleaning service, your policy may not cover you if an employee steals jewelry from a client. Any company where employees are in a customer's office or home may have this gap in coverage.
Check with your agent.
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