Protecting Employee Identity annually for less than a latte

[Don Durfee. CFO. 2005/03/00. Page 18.] FTC reports that 10 million Americans have their identities stolen each year. In response, AIG, St. Paul Travelers and Chubb are now marketing identity-theft insurance to companies, which offer it free-of-charge to workers as an employee benefit. A typical policy covers out-of-pocket expenses, lost wages and legal expenses reimbursements. The annual cost to employers is between $1 and $3 per worker.

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