Theft is far to Common on Construction Sites
Most construction workers would agree that construction equipment is extremely expensive.The quality of tools makes a big difference and it worth the extra upfront cost to be the most effective on the job site. Many contractors transport huge pieces of equipment every day and if they are not aware of their surroundings,that equipment could become a target for theft.
According to statistics, the most popular theft targets are:
- Loaders (backhoe, skip, wheel and track)
- Skid steers
- Light Utility Work Trucks and Trailers
- Lifts (Fork and Scissors)
- Generators, Air Compressors, Welders
Since these pieces of equipment are very valuable and hard to come by, it is important to make sure that each piece of equipment is stored and insured properly. Since these pieces are not usually able to be tracked by serial number or identification number, lost or stolen equipment is not commonly recovered when reported to the local police department.
One of the best ways to help minimize theft with this type of equipment is to register each piece of equipment. We would also recommend having LoJack or a GPS device installed on large piece of equipment where it could be hidden from view of any thief that comes onto the construction site. Another affordable way companies can mark their equipment is to use a welding tool to put names and contact on each large tool or vehicle.
If you or your company need any further assistance or suggestions as to the best ways to protect your constructions equipment, please give Remland Insurance a call today at 714) 532-3341 and our staff would be more than happy to assist you in purchasing the proper Business owners insurance or getting your equipment covered!
Source: Rough Notes