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The National Insurance Crime Bureau (NICB) estimates that up to $1 billion is lost annually to heavy equipment theft. Costs incurred because of theft include equipment replacement, short term rentals, lost time dealing with law enforcement and insurance adjusters, increased labor expenses due to downtime, and penalties that can occur if a project is delayed.
Here are some tips that can help you deter theft.
Fencing
Warning Signs
Gates
Lighting
Mark Equipment Clearly
Engrave your company name on all buckets, booms, and frames of each piece of your equipment.
Anchor Equipment
Immobilize Equipment
Plan for the possibility of having equipment stolen by maintaining accurate records. This will help aid in police investigations.