Message from AIM Insurance:
Embezzlement Claims Are on the Rise Due to COVID-19
From our AIM family to yours, we hope you are doing well and staying healthy in these trying times. We wanted to reach out and remind all Parent Teacher Groups that right now your funds may be more exposed than they have ever been.
Embezzlement is our #1 claim here at AIM and in times of uncertainty, embezzlement claims become even more common.
That is why it’s more important than ever to be vigilant and maintain proper oversight of your finances. Unfortunately, many families are struggling with unemployment and having to make difficult decisions for their household. In times like these, “borrowing” from your PTA, PTO, or Booster Club may seem like a temporary solution for those bearing the brunt of these unforeseen circumstances.
We understand normal accounting practices, such as 2 signatures on all checks, may not be possible at this time, but we strongly encourage all our insureds to maintain close oversight of your bank account.
In addition, you may consider doing the following:
-Confirm all PTA, PTO, or Booster Club cash has been deposited into your account.
-Use checks instead of cash or debit cards
-Monitor online bank activity weekly while continuing your normal review of monthly statements
-Consider Embezzlement Insurance to safeguard your funds if you do not currently have this coverage