Previous Employee Dishonesty Loss

[Carboholic]

We're a non-profit organization and 4 years ago, our treasurer at the time had stolen thousands of dollars in funds. He was removed from office and his membership was suspended. After conducting an investigation, he was expelled from the organization. Since, we have re-structured our in-house auditing protocals and have brought in an outside firm to conduct annual audits.

Will this event keep us from qualifying for employee dishonesty coverage? Or will the measures we've taken since to prevent future loss be considered?

[Admin]

There is no easy answer to this question, as each surety is going to have their own underwriting guidelines. Unfortunately, the only way to find out is to apply and see if you can find a surety willing to back your fidelity policy.