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Financial institutions must protect against burglary and counterfeiting, but one of the most significant losses financial institutions face is employee dishonesty. This may include theft, fraud, embezzlement or other illegal acts. Here is what financial institutions can do to protect against these losses.
Examples of Employee Dishonesty
People who work in the financial industry often have access to customer bank accounts or financial institutions’ funds, and may find ways to personally gain from their access. Here are some examples of employee dishonesty that financial institutions may face:
- Creating fake customer accounts
- Skimming from accounts
- Loaning money to unqualified applicants for kickbacks
- Fraudulent trading practices
Protecting Against Employee Dishonesty
Financial institution bonds are a type of insurance that protects financial institutions against employee dishonesty, forgery, robbery and similar crimes. A financial institution bond can reimburse cases where an employee makes financial gains from his or her dishonest act. Some states require financial institutions to carry bonds, and others don’t. Even if a financial institution bond is not required, obtaining one is advisable.
To help prevent employee dishonesty and fraud, procedures such as separation of duties, two-person controls and regular audits can be deterrents. However, a financial institution bond can provide protection when a dishonest employee finds a way around controls.
Certain areas of the United States — particularly locations on the West Coast — are uniquely vulnerable to earthquakes. While the devastation of a major earthquake may seem remote, it is unfortunately statistically very possible. Moreover, many homeowners insurance policies actually do not have earthquake coverage.
If you are in an area that is prone to earthquakes, be sure to effectively protect your family and your home with earthquake insurance.
What Is Earthquake Insurance?
Earthquake insurance coverage provides supplementary coverage to a typical homeowners policy, and is particularly applicable in cases where your homeowners policy does not cover damage from earthquakes.
The details of a given policy may vary, but in general, earthquake insurance should provide some coverage for repairs and reconstruction, for the value of items contained within your home, and for the cost of finding a secondary dwelling in the event of significant damage to your primary residence — and possibly more.
While a serious earthquake may seem remote, one can be devastating. Though a minor earthquake may not significantly damage your home, a major one could necessitate a complete rebuild. Speaking to your insurer about purchasing coverage for earthquakes will ensure that you and your family are sufficiently prepared, no matter what occurs.
The world of insurance can often prove a bit more difficult than many realize. When it comes to protecting yourself and your assets, you absolutely need to dedicate time and energy to the process. Failing to do this and accepting any policy that comes along can be the easiest way for you to leave yourself open to claims and losses of all sorts. This is especially true when it comes to claims that come about after an accident occurs with an all-terrain vehicle.
ATV Coverage Basics
An ATV is a type of vehicle that can be difficult to classify from many perspectives. From an insurance angle, you cannot rest on a traditional auto plan. An ATV falls into a category that is different than personal or commercial vehicles, so you need to look for coverage that actually is meant to meet the risks of such transportation. Failing to do this means that even the smallest insurance claim can lead to massive losses. Other points to consider when it comes to finding the right insurance for a vehicle can include:
- Make and model of the vehicle
- Classification and regulations of state
- MIleage and other factors
Review All Options
Though an ATV is different than a car, an accident that happens with this type of vehicle is no less deadly. In order for you to stay safe no matter what, you need to learn more about the options available to you.
If you’re a millennial, now is the right time to master key financial moves and get your finances in order. Planning for retirement and saving an emergency fund, for instance, are moves that can serve you well later in life. Check out some of the top millennial financial planning tips below that you can put into action now.
Master Budgeting and Saving Skills as Early as Possible
Before you get to higher-level finances, make sure you have a good mastery of the basics. Skills you may want to sharpen up include:
- Understanding the extent of your personal financial limits
- Building up a six-month emergency fund
- Putting cash into retirement accounts every year
- Living responsibly within your means
Work Towards the Financial Means Needed for Your Chosen Lifestyle
What your finances should look like depends on the type of lifestyle you want. Before you start budgeting, you may wish to:
- Expand your job search to higher-earning opportunities
- Acquire additional skills or certifications to boost your earning capacity
- Consider career paths that can support your desired lifestyle and its required finances
If you’re still in the early or middle part of your career, implementing key millennial financial planning best practices now can set you up for financial stability in the future. If you want to get your finances in order, master key saving and budgeting skills and calculate the finances needed for your lifestyle.
Having police officers arrive at the scene of a mental health crisis is a little like having a delivery person arrive without the pizza. Implementing a Co-Responder Program allows municipalities to better serve the public when individuals need help from mental health professionals. Here are three first steps to implementing such a program successfully.
1. Develop Partnerships with Other Agencies
Create relationships with local mental health service providers. Agree to share information regarding procedures for working with each other. Engage local advocates for mental health services to speak to the public about the cooperation between the groups. Ensure that people who have mental health issues and caregivers of people with these issues are present to inform the policies.
2. Document the Policies and Procedures
Working with the local health and social service organizations, develop a mission statement, vision, and goals for the program. Create policies and procedures that encompass all scenarios to be addressed by the partnership. Clearly define the roles and responsibilities of each agency (the law enforcement agency and all health or social agencies).
3. Take Inventory of Community Needs
Determine which types of calls will necessitate use of the co-responder program. Ascertain which assessments and services the team will provide to members of the public.
These are just three first steps to creating and implementing a successful co-responder program.
After losing significant parts of her face in a dog attack that easily could have turned fatal, professional skateboarder Brooklin Khoury has remained a prime example of what can happen when people aren’t careful around animals. Even though the skateboarder knew the dog, that did not spare her from being bitten.
Preparing for Attacks
The attack on a public figure like Brooklin has highlighted the importance of having systems in place, like an emergency plan or dog bite insurance, in the event that an accident happens. Having insurance can cover the cost of medical bills if your dog bites someone.
Brooklinn Khoury has many surgeries lined up for the future, where doctors will attempt to reconstruct her face. Each surgery involves preparation and recovery, which can be taxing emotionally and financially. Luckily, she has a support network that has stuck with her since the beginning, including her celebrity girlfriend, Chloe Lukasiak.
Owning a dog is usually a positive experience. Pets become part of your family, so you want to be sure that you are doing everything you can to protect them and yourself. You can prepare for events like what happened to Brooklinn Khoury by keeping your dog leashed around new people and investing in pet insurance to cover the cost of accidents.
Cleaning company managers need to be highly attentive to safety. There are a variety of occupational hazards that they need to be aware of and address. By following cleaning industry best practices, managers can help their personnel safe while avoiding potentially costly liability.
Implement Training Initiatives
Workers need training about some of the most serious risks involved in their work. In general, it is good for training to consist of interactive dialogs that engage workers. Simply handing out written materials may not really convey the importance of individual training topics.
Follow Applicable Regulations
State regulations established by OSHA and others can offer guidance on key safety matters such as personal protective equipment. Regulations also address the safe use of potentially dangerous equipment such as ladders. Managers must be knowledgeable about all rules and regulations that apply to their industry and practice full compliance.
Create Procedures for Enforcement
In addition to creating policies and training staff about them, managers need to establish ways to enforce policies. Enforcement may include delegating supervisory authority to staff members or issuing written warnings to staff who deviate from safety policies.
Ultimately, adhering to the best industry practices should be a core objective for cleaning professionals. A company culture that emphasizes safety benefits a company’s leadership and its workers.
The concept preventing contamination took some time to catch on but, ultimately, it did. Before contemporary plumbing practices, people lived a lot closer to their excrement. What dangers were they incurring that they didn’t realize were fatal?
Signs of Septic Infection
Modern society tests the load limits of regional hospital systems daily. In case of an emergency, the systems in place do their level best to manage a structure of care for fellow human beings. For those that manage the waste of a municipality or an institution, the health risk of operating outside of safety standards can mean a visit to these emergency health providers. To decrease burden on general health capacity, when it comes to the handling of sewer construction, managers and owners must take charge of preventative measures. Septic tank overflows and toilet backups can turn a worksite into a bacterial battlefield. Each teammate needs be able to identify the tell-tale signs of infectious diseases caused by sewage water so as to reduce the time prior to medical intervention. Some of those discernible symptoms include:
- upset stomachleading to dehydration
- skin infections
- respiratory distress
- acute gastroenteritis
- ear/nose/throat inflammation
These employees or other exposed-persons could have compensationfor potential injuries or chronic illnesses if their firm invested in septic insurance liability insurance. Occupational hazards can be impacted by increasing universal awareness.