insurance fraud

What Are Common Types of Insurance Fraud in Business?

There are several common types of insurance fraud that entrepreneurs may encounter:
1. False Claims: Submitting claims for losses or damages that never occurred.
2. Exaggerated Claims: Inflating the value of actual damages to receive a larger payout.
3. Staged Incidents: Deliberately causing accidents or damages to file a claim.
4. Multiple Claims: Submitting multiple claims for the same incident to different insurers.

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