Business Fraud Scams cost Canadian corporations and non-profits millions of dollars each year. What is Business Fraud?An unsolicited phone call or email that appears to be from a trusted source can lead an employee to inadvertently share confidential information with a criminal. Business fraud can also originate within your organization – an employee may steal equipment or products, or partner in a complex corporate espionage scheme. If a scam executed against your organization garners media/social media attention, your organization's reputation and financial future may be at risk.Learn All You CanThe Competition Bureau of Canada maintains an ongoing education and outreach campaign to help organizations fight fraud. The FACT – Fraud Awareness for Commercial Targets initiative is a consumer resource for information on topics such as:Types of business scams What to do if you suspect fraud and how to file a complaintDeveloping an organizational plan to fight fraudEngaging employees in identifying and preventing fraud.Minimize your chances of becoming a victim of fraud by accessing the Competition Bureau of Canada publication, The Little Black Book of Scams in a variety of online and print formats. There is much you can do to manage the risk that fraud poses to your organization. Talk to your insurance representative about risk management best practices for fighting fraud in your industry. Source: Competition Bureau of Canada Getting Started - Managing Your RiskA primer on the concept of risk management plus the basic steps of the risk management process.Commercial Insurance for Small Business - Q&AQuestion to ask your insurance representative. Related ServicesCargo TheftEach year, cargo theft costs the Canadian economy $5 billion. All too often, cargo theft goes unreported. IBC leads a national cargo theft reporting program with the Canadian Trucking Alliance (CTA). Employee TheftWhile it may be difficult to consider employees or volunteers as a potential threat to your organization, theft from within the organization does happen. Specialized crime coverage is available to mitigate the risk of internal theft and fraud. Useful LinksBusiness Insurance CoverageInsurance protects you from losses that may pose a significant threat to your business operations. A major loss to one organization may be a trivial loss to another. When selecting coverage, deductibles and policy limits, there are many factors to consider.Business InterruptionYour ability to generate sales could be threatened at any moment. With business interruption coverage, a business owner can collect the income he or she would have expected to generate were it not for the unexpected event.Commercial PropertyProtecting your commercial property is critical to your businesses financial stability.