It safeguards businesses from financial losses stemming from fraudulent activities like theft, embezzlement, and forgery committed by employees.
It provides a financial safety net, allowing businesses to recover losses that could otherwise severely impact their bottom line or even lead to closure.
Having this insurance can foster trust among stakeholders, including customers, investors, and other business partners, demonstrating a commitment to secure financial practices.
It minimizes the risks associated with internal fraud, which can be difficult to detect and prevent, offering peace of mind to business owners and managers.