Top Reasons Your Business Could Need A Private Investigator

private investigation teamBusinesses don’t operate in a vacuum. They rely on teamwork and allies – not only from employees, but from partners, suppliers, vendors, accountants, and more. In short – you’ll likely end up doing business with a lot of different people in order to keep your company moving forward.

From time to time, you might find that the use of a private investigator is needed. A private eye isn’t really what the movies make it seem like, and as such it’s worth taking a look at what they can do for a business. You might be surprised at the positive impact they can have on your bottom line.
With that in mind, here are the top ways that a private investigator can help your company.

Employment Background Checks – Bad hires make up a huge percentage of company costs each year, and as a result it’s important to spend time making sure that you hire the right people for any job. Running employee background checks is the best way to do so, and while there are various apps out there that can help, the expertise and resources of a private investigator will lead to much better results.

Fraud Investigations – If you suspect an employee of committing fraud within the company, it’s important that you take the time to find out the truth. Fraud investigations allow you to identify potential red flags, determine whether or not an employee is engaging in dishonest bookkeeping or other activities, and generally keep your money away from fraudulent behavior.

Workers Compensation Investigations – When an employee is injured on the jobsite, it becomes the employer’s responsibility to cover their medical costs. However, worker’s compensation claims are a frequent source of fraud, and if you suspect that an employee is committing this type of insurance fraud you’ll want to turn to a private investigator to determine the truth.

Theft Prevention And Detection – Outright theft is a problem as well, and while it’s not quite as common – or as expensive – as fraud and embezzlement can be, it’s still something that you need to look at. Preventing employees from stealing money, supplies, and resources can save your business significantly. The key is knowing the warning signs and what kind of tools can help you spot the issues before they become too prevalent.

If you’re serious about your company’s bottom line – and you should be – you need to make sure that it’s protected from all risks including those that are present internally. A few simple steps are all it takes to find the right private investigator and get better results for your business.