Direct recovery of fraud losses can be difficult and time consuming. But there are other ways you can reduce your losses.
Start by hiring a fraud investigator who effectively manages the cost of investigation. We do this by tailoring our investigation to your specific investigative needs, performing the work that is needed to achieve your stated objectives, and avoiding unnecessary work that doesn’t.
Another way we manage the cost of investigation is by billing our work based on the skill level needed to perform the work. Virtually all other professional firms charge you a “standard” hourly rate based on the position and seniority of the person performing the work, regardless of what work they actually perform.
Finally, many crime and fidelity insurance policies cover the cost of investigations, which includes our fees. Fraud Risk Management, with appropriate levels of crime and fidelity insurance coverage, can be a very cost-effective strategy for minimizing losses.
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