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.
Embezzlement- Insurance Claim
Started by
Stolen_from
, Jan 21 2013 02:10 PM
4 replies to this topic
#2
LegalwriterOne
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Posted 21 January 2013 - 03:00 PM
Read your policy. I suspect the insurance carrier will require a police report before they authorize any payout.
#3
pg1067
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Posted 21 January 2013 - 03:24 PM
It would be rare indeed for an insurer to approve a payment for an allegedly criminal act without the making of a police report. Among other things, it is a way to deter fraud.
#4
FindLaw_AHK
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Posted 24 January 2013 - 02:16 PM
Have you reported this matter to your local police department to address?
#5
adjusterjack
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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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