Nonprofits Slash Fraud Risks with Crime Insurance Quote
The Importance of Crime Insurance
Fraud can have devastating effects on nonprofits, not only financially but also by damaging their reputation and donor trust. According to a report by the Association of Certified Fraud Examiners, organizations lose an estimated 5% of their annual revenues to fraud, with nonprofits being no exception1. Crime insurance acts as a safety net, providing financial reimbursement for losses incurred due to dishonest acts. This coverage can include employee theft, computer fraud, funds transfer fraud, and even the loss of money or securities.