Stopping Fraud From Ruining Your Business

If you fall victim to fraud in your business it can affect you in various ways; the main one is obviously financial but there’s also deterioration of staff morale, reputation, your financial standing among banks and lenders, and more besides. Knowing what frauds are possible and how to combat them are vital in business.

Focusing on fraud prevention

Small and larger businesses alike can suffer fraudulent activities; indeed smaller businesses can be more at risk as they tend to be less geared towards tackling fraud than their larger brethren.

Technology and procedures exist to help combat fraudulent activities; for example, check tampering is a common fraud in small businesses, but measures can be taken through using tamper proof security checks and other security steps to remove the threat.…

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Catching Workers Comp Fraud Committed by Employees

Workers compensation is a federal program that requires employers to pay for medical and compensation benefits if their employees become injured or disabled while working at your place of employment (each state has its own set of workers’ comp laws). Work injuries can be anything from carpal tunnel syndrome from repetitive mouse/computer use to hurting your back during a fall on company property.

Worker comp covers back injury

The workers’ comp laws were put in place to provide the injured workers with fixed monetary awards to help prevent litigation and give the employees and their dependents a chance to stay afloat financially while being out of work.…

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