Friday, 20 March 2015
How Management Liability Insurance Covers You from Thieving Employees
Among many other risks that a business might face, loss due to thieving employees is one of the most complicated things to deal with. In such cases, a business does not only lose a part of their assets or stocks, but they are also at risk of facing unfair dismissal charges from these dishonest employees. Nevertheless, this does not mean that you should be ignoring these events, particularly if an employee had taken quite a significant amount of assets from you. A good example would be what happened in a coal mine near Newcastle. According to reports, a 38-year-old mineworker has been charged for stealing over 300 kilograms of copper wire from a coal mine at Black Hill. Police found three 100 kilogram spools of copper wire (worth around $3,500) from the mineworker’s car during a search, the same quantity which was reported to be stolen.