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Will liability insurance cover it if an employee steals from the company he works for?
Wiki User
∙ 16y ago
Who's liab. policy? If you mean will the employers general liabilitly policy cover his own employee stealing.. Maybe, of course charges would need to be brought etc. Most certainly turn in the claim.
Wiki User
∙ 16y ago
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What is the purpose of a fidelity insurance legally speaking?
Fidelity Insurance is also referred to as crime insurance. It protects a company in the event of a loss of money for multiple reasons from burglary to embezzlement. There are generally two types of insurance- employee dishonesty and money and security coverage. Employee dishonesty covers the company in the event that an employee steals in any way shape or form. Money and security covers losses outside of business personnel such as burglary, destruction, or disappearance.
Is fraud covered by home owners insurance?
My home owners policy only covers bank fraud ( if someone steals a check for example) and the limit of liability from my insurance company is $1000...other policy's may be different. Please call your agent.
Iif hoa management company mismanages or employee steals money will a bond reimburse the hoa for the loss?
The bond holder can give you the answer you need.
What crime is committed if someone steals prescriptions as an employee of UPS?
Embezzlement
If an employee steals from his employer can this amount be added to the employee's wages as taxable income?
This money cannot be added to the employee's wages as taxable income. This money is not theirs and should be reported to the police.
What is theft in the company?
Theft is when you steal something. So theft in a company must be when somebody steals inside a company.
What is buglary insurance?
buglary insurance is paid coverage provided by your insurance agency against burglaries. Burglary is when a stranger,whom you did not invite into your house, breaks in and steals, vandalizes
What is the meaning of alesco?
A Terrible List Company that steals their clients money!
What does a company's security department do?
make sure nobody steals ideas
How would you describe an internal crime?
Internal crime occurs when an employee steals from or commits some other offense against the business.
If a 14-year-old steals his dad's company car from home and causes an accident who pays for damages?
AnswerThe insurance company can certainly be required to pay for the damages. The problem is, the dad's company might not be real happy about having to pay out for something like that and the dad's company may tell dad that if he wants to keep his job he will pay for the damages.
If someone steals you car and is involved in a hit and run accident is your insurance responsible?
Possibly. Most cases, if it is as simple as you described, no. Theft is a covered loss as long as you have Comprehensive or Other than Collision (depending on the state) subject to your deductible but, liability would not extend in most cases as you did not give permissive use.
