Travel Businesses of all kinds and sizes are increasingly threatened by fraud. One of the most difficult situations to come to terms with is when that fraud is committed by your own employees, often those who you have trusted over many years.
Employee dishonesty can be damaging not only to your bottom line, but also to your reputation. After an event, it is common to feel a huge sense of betrayal and shock.
The fraud can range from a receptionist stealing petty cash, to a consultant misappropriating funds or an accounts clerk re-directing money to their own bank account.
In these high pressure times, you may have missed subtle warning signs. Ideally we want to assist by providing you with practical tools that may prevent you becoming a victim, because while you can insure for the financial loss, the time involved and disruption to your business is sometimes impossible to quantify.
In the case of Employee Fraud, prevention is always the best option.
Pay attention to changes in supplier payment patterns. Any sudden unexplained changes should be investigated.
If you believe that this issue is relevant to your business, please feel free to contact Rebecca Fleming, Affinity Manager at Gow-Gates Insurance Brokers on (02) 8267 9919 or firstname.lastname@example.org to discuss your circumstances or to obtain a quotation.
Gow-Gates Insurance Brokers advises that persons should not act on the material contained in this article as the items are of a general nature only and may be misinterpreted. We therefore recommend that advice be sought before acting in these areas.