UK Businesses cheated by expense claims

Call now on

0845 450 5360

for an instant quote

UK Businesses cheated by expense claims

Research carried out by Travelodge has estimated that British workers are cheating UK businesses out of approximately £1bn a year on expense claims.

3,000 employees were surveyed on their expense claims and 18 admitted to swindling them. It averaged out that £17 a month was added to the expenses claimed, resulting it £204 a year of bogus expenses.

The two most common methods discovered for the fraudulent expense claims is filling in blank taxi receipts and adding extra mileage to car journeys, however hair extensions, lap dancers and even an office hamster is some of the shocking claims highlighted by the budget hotel chain’s survey.

Only 8 of employees have been caught out by their employers and sacked, however 60 of businesses have been aware of the fiddling of expense claims at one time or another but have let it pass.

Public and employers liability insurance is available from Insuremyliability.co.uk. Compare and choose from a panel of the best commercial liability insurance companies in the UK.

16/04/2008 09:41:21

Insurers

AXA

Fortis

Groupama

MMA

© 2000-2009, CETA Insurance Ltd, all rights reserved
CETA Insurance Ltd - registered office: CETA house, Cromwell business park, Chipping Norton, Oxon, OX7 5SR
Registered in England and Wales no. 02827690.
CETA is authorised and regulated by the Financial Services Authority no. 307824.