General Question

kritiper's avatar

If you worked at a business as a cashier and $1000 came up missing, and the boss couldn't finger the thief, could the boss file an insurance claim to recover the money?

Asked by kritiper (17485points) 1 week ago

As asked.

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13 Answers

SEKA's avatar

I don’t think so. I worked at a business where $2K came up missing. I had just been hired so all fingers pointed at me. The boss called me in for an interrogation. I guess I answered everything right because he dropped me from his list of possibilities. All the other employees had been there for 5 years or longer and he didn’t want to believe thst any of them did it. So, he called me back in to ask if I’d be willing to take a lie detector test to verify that I hadn’t done it. Of course, I readily agreed because I knew I was innocent and i requested that everyone including him take it as well..

i left the bosses office and was asked by the others what was going on. I explained that he was bringing in the police to give lie detector tests to everyone until he could determine which one of us had done it. One lady that had worked there for 10 years asked me if I was really going to take it. I assured her that I was as I had nothing to hide. A short time later, the girl training me went into the bosses office and closed the door. When she came out, she collected her personal stuff off her desk and left. Turned out that her boyfriend had convinced her to come up with some cash so he could do a drug transaction. He told her he’d have the money back to her by the next morning and nobody would ever know it was gone. Several of his deals fell through so he didn’t have the ,money for several days and she didn’t have the money herself to replace it.

The boss called me back in to apologize for insinuating that i had taken the money. Then he told all the remaining employees to apologize to me for saying it was me. i understood why everyone jumped to me being the guilty party, so it was over within a few days.

My point, had he been able to simply file through insurance, I don’t think he would have worked so hard at finding the guilty party

MrGrimm888's avatar

When I worked at a big sporting goods store, they hired a new manager. Well, assistant manager. As he was new, they gave him another manager’s security numbers.

One night a masked man entered the store, using those numbers, for the security system, so the police were never notified. There was grainy video, of the guy, entering the safe room, and taking all the money from the safe. Something like $8,000. He left, reentered the number, reseting the alarm.

Only two men, knew that number.

The next morning, the opening manager did the safe count. He was one of those two men. He called the cops, and reported that the safe was empty.

An investigation was done. But the assailant, couldn’t be identified. Because he was wearing a mask, and the quality of the video was poor. They did not get any of the money back. And the interesting thing was, neither men were charged, because they couldn’t prove who did it… The two men were friends, before the new guy was hired. I think that they both conspired to pull it off… One guy was waiting in a getaway car, the other robbed the place. The images from surrounding stores, showed a vehicle, but those images were also blurry. Both men kept their jobs too…

I think it’s an incredible story…

elbanditoroso's avatar

The real answer is: what’s the deductible on the company’s insurance? Just like your car insurance, there is a deductible, below which the insurer will not pay. If the amount stolen is $2000 and the deductible is $5000, then there’s no point in telling the insurance company.

Vignette's avatar

Couple things. Employee theft insurance coverage I am pretty positive would be a separate policy (rider) coverage a retail business owner would have to purchase. Next, is there would be deductibles that would be roughly equal to the loss you describe so it would probably be a wash for the owner to get any real restitution. Having security video of this transgression would be ideal and he could confront the ex-employee and threaten with turning the evidence over to the cops if they did not give back the cash.

MrGrimm888's avatar

^But the case has to be proven…

kritiper's avatar

Wow, these answers are incredible. GA’s to all. And thanks!
Anyone else??

Inspired_2write's avatar

I worked in a convenience store that was a major Franchise and they were covered for theft as security camera were everywhere too.

Actually twice money was taken and every one of us was questioned and I was a suspect since I was a new employee?

It was the employee who was there for many years who stole the lottery tickets as he thought that he could scratch them all off and possibly win more than lose?

He had done this a few times and it worked out as a profit for him until that last time he lost and thus $200 was out and one look at the video showed who it was.

He was arrested, fired and moved away.

The second time it was one of the owners who actually made out a money order for over $700 ( the store had its own legal money order machine owned by the Post Office as we were a designated Postal Outlet as well).
I came into work just as he was making out the money order and taking the cash. I noticed that he didn’t put the copy in the cash register and mentioned that to him. He stated ( as a owner)that HE would place it in the safe in the back.
My intuition kicked in and I suspected something off so I took out the carbon copy that he threw into the trashcan and found two made out for $700 each!
He came to the front and I quickly threw the carbons back where I found them.
He dug them out of the garbage and took off.
I telephone his partner ( brothers) and explained, since the first incidence ( employee and lottery ticket fraud) just ended.
Older brother/owner told me to read off the serial numbers that showed up on the machine and we deduced the numbers of the two money orders.
He later confronted his brother about it and I assume that he paid it in full.
He had been paying his newly divorced neighbors mortgage payments because he liked her and later married her.
I deduced that its the employee whose been there a long time or in another case an owner that actually steals.

SEKA's avatar

^ Sadly, it’s the ones who have been there the longest who have the trust of management since they’ve always been trustworthy. It’s the newbie who needs the job that is usually suspect

MrGrimm888's avatar

^Well. That makes sense right? You hire someone new, and all of a sudden, money starts going missing…

kritiper's avatar

OP here. This question came up because of one place I worked at where $1000 came up missing and it was thought, so I was told, that it was either me or another cashier. This other cashier was paranoid all the time and probably had a guilt complex at least as bad as mine so I knew it wasn’t her. (And It sure as heck wasn’t myself!) So I figured it was either the owner or the accountant who they had had problems with before, moneywise. It was screwy!

Dutchess_III's avatar

I don’t think so. If it could be claimed, banks would come up missing money all the time.

jca2's avatar

What would prevent the store owner from lying and saying he’s missing money just to get reimbursed from the insurance company? If it’s something tangible and concrete, like jewelry, or a camera, or a car, there was proof that it existed in the first place. With cash, there’s no proof that it was actually in the drawer.

Dutchess_III's avatar

Exactly.

I think you can only insure tangible things. Money is not tangible. It’s just paper.

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