What is an Oklahoma Employee Theft Bond?
Business organizations are confronted with many threats to their success; economic risks, disaster-related dangers, supply-chain associated perils, regulatory threats, and technology hazard all impact organizations in various methods and different extents. Any business firm with resources and property is always in danger of being targeted by fraudulent individuals. Regrettably, a remarkable fraction of that threat emanates from the very people who have been employed to perform the organization’s operational objectives and bottom lines.
While many research studies have made an effort to establish the extent of fraudulent activities financial effects, the challenges in obtaining an actual total outlay of fraud are limitless. It is unfeasible to determine precisely how much fraud or theft goes unnoticed or not reported. Even estimates founded exclusively on identified fraud cases are likely to be miscalculated or undervalued, as many victims downplay or overrate the amount of damage. Nevertheless, efforts to establish the cost of fraud are vital because being aware of the size of the issue brings attention to its impact, allows businesses to put a figure on their fraud risk, and aids management arrives at well-informed assessments about spending money in anti-fraud resources and programs. Considering this vague scenario of employee theft and fraud, it is imperative for business owners to protect not just their businesses but also the clients who continuously patronize them. The Employee Theft Bond is a necessity.
The Oklahoma Employee Theft Bond is a concrete assurance to protect business firms from financial wreck due to employees stealing from them, from workers who use employers’ possessions without permission, and from those who mishandle employers’ resources. The bond likewise shields employers from people who cheat on them with their product designs and trade secrets and commit other fraudulent activities that could result in the organization’s collapse.
Why do you need an Oklahoma Employee Theft Bond?
The Oklahoma Employee Theft Bond is an exceptional method of combating these specific fraudulent acts:
Fraudulent Disbursements are usually successful with the presentation of fake proofs of purchase, counterfeit corporate checks, and fictional workers on the payroll;
Skimming, this is the act of pilfering cash receipts before their being recorded on the company’s books;
Cash Theft, this is getting company hard cash after its being recorded on the company’s books.
You need the Oklahoma Employee Theft Bond because you don’t want your reputation as a business owner to be stained while you are providing your clients with your brand of service. Recognizing the fact that scheming workers who embezzle your clients’ money or pilfer personal belongings can significantly demolish your business image, an employee theft bond is essential.
How much does an Oklahoma Employee Theft Bond cost?
The amount of the Oklahoma Employee Theft Bond premium payments will depend largely on your credit mark and business financial history. Premiums are not expensive; however, if you have a low credit score or a problematic financial record, you may be required to pay more.
How do I obtain an Oklahoma Employee Theft Bond?
Getting an Oklahoma Employee Theft Bond is simple. Contact authentic surety bond practitioners to avoid having your project or business launch stalled. Choose also one who can provide you fast and efficient bonds.