Ill-gotten gains.

Over three-quarters of company fraud is committed by employees. However, Edmund Tirbutt says that the take up of fidelity guarantee insurance is still comparatively low.

Fraud can only ever be measured in rough estimates, but most of these
point firmly to the importance of having fidelity guarantee cover to
protect against employee dishonesty.


As long ago as 1996, the Society of Practitioners in Insolvency concluded
that fraud had overtaken bad debt as the most common cause of business
failure in the UK. Furthermore, it is generally accepted that over three
quarters of fraudulent incidents against companies are committed by their
own employees.


Estimating the extent