Embezzlement- Insurance Claim
Posted 21 January 2013 - 02:10 PM
Posted 21 January 2013 - 03:00 PM
Posted 21 January 2013 - 03:24 PM
Posted 24 January 2013 - 08:15 PM
Hello. I am a business owner in PA. I just discovered that a long-time employee has been embezzling from me, to the tune of about $80k. I will have to file an insurance claim to recoup the money. My question is, will I have to pursue criminal charges against the employee in order to file the claim? Will the insurance company do so if I do not? Thank you for any insight.
I can pretty much guarantee that your crime coverage requires you to report the crime to the police and assist in the prosecution of the criminal in order to get the claim paid.
Read your policy.
Warning: Legal issues are complicated. Explanations and comments here are simplified and might not fully explain the ramifications of your particular issue. I am not a lawyer. I do not give legal advice. I make comments based on my knowledge and experience. I guarantee nothing. If you act on my comments without the advice of an attorney, you do so at your own risk.
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