Employee theft coverage inventory will not be reimbursed if the only proof is what?

1 answer:

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Employee theft coverage inventory will not be reimbursed if the only proof is loss in inventory or land and profit calculation.

<u>Explanation: </u>

An employer or a businessman can claim indemnity or insurance in case his employee commits property theft under the Employee theft coverage. This coverage can help for indemnifying the loss of property, money or securities as result of theft by the employee.

However, inventory shortages are not covered under this cover if the only proof available is profit and loss calculation. But if there is other proof like video of the theft, etc. then such loss can also be covered under this insurance scheme.

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