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.
Site Security
Fencing
- Surround your worksite with see through fencing, so any trespassers are visible from the outside.
- Fencing should be no shorter than 8 feet high with posts spaced no greater than the width of your fleet’s narrowest unit.
