10/15/2026
The Theft Your Business Insurance May Not Cover 🔍
A former office manager was convicted of stealing more than $92,000 from a Bedford, Nova Scotia dental practice over several years.
According to Insurance Business Canada’s Josh Recamara, a forensic investigation found that deposits had been altered on at least 267 separate occasions, allowing smaller thefts to remain undetected over time.
The case highlights an important coverage gap. ⚠️
Standard commercial property and general liability policies usually exclude losses caused by an employee’s dishonest acts.
Protection against employee theft may require commercial crime coverage, also known as employee dishonesty or fidelity insurance. 🛡️
This coverage can respond to losses involving employee theft, forgery or fraudulent fund transfers.
For dental, medical and other fee-for-service practices, the lesson is clear: do not assume this protection is already included in your insurance program.
Confirming your coverage with your broker before a loss occurs can make all the difference.
Read the full article: https://lnkd.in/gU9Av9Nr
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