You hoped this wouldn’t happen, but after counting out the money and going over the receipts every evening, there’s no denying the math. Someone has been taking cash from your till. Or perhaps you caught the thief red-handed, or on video surveillance. Someone’s been taking your money! Now you have to do something about it.

Steps to Take

Before you react, make sure you have correctly identified the culprit. If you catch someone in the act or on tape, this is straightforward. If it’s an accusation from a co-worker or the register just coming up short, that can be a little trickier. You need to have evidence that someone has been stealing from the till. Once you have the evidence, follow your company policy and legal requirements. Generally, someone gets fired at this point. Consider union agreements and contractual obligations. Call the police if you think it’s necessary. Do keep in mind that, without proper authorization, you cannot deduct stolen money from a final paycheck. This is what commercial insurance is for. Make sure you stay calm throughout this whole procedure. Keep in mind that you are only held responsible for this theft if you were found negligent.

Contact Hall Insurance in Panama City Beach

Even if stolen money is not returned, you are legally not allowed to deduct it from a final check when you fire a light-fingered employee. This is why you need to have commercial insurance for your business. If you are in the Panama City Beach, FL, area and need commercial insurance, please get in touch with Hall Insurance. We’re happy to help!