Sports Law • Risk Management

financial controls

Financial Controls and Insurance to Limit Theft and Embezzlement

In my August 4, 2010 blog entitled “Cash Collection by Volunteers for Club Sports,” I encouraged non-profit clubs to establish fiscally responsible money collection practices. No one wants to believe that someone you know is capable of committing theft from a club sport team, but it does happen.

Theft and embezzlement insurance claims have been on the rise according to the insurance company Sadler & Company (http://www.sadlersports.com/blog/tag/embezzlement/, Retrieved on April 22, 2012).