Rental equipment companies continue to face millions of dollars a year in loss due to equipment theft. In fact, insurers report that, “the volume of claims they see for equipment being rented by policyholders far exceeds the volume of rental equipment that they are insuring.” Thieves are simply more likely to target rental equipment because it’s less risky. With the coming recession crime wave of 2009 it’s more important than ever to stop equipment rental loss.
This article investigates all the ways loss prevention professionals can make it MORE risky for thieves to target both equipment rental facilities and rental equipment on construction sites. According to Jeff McGeary, senior vice president of sales, Allied Insurance Brokers, “the money you spend on loss prevention you will get back at least five-fold.”
In this article you will learn:
>> The 3 Basics of Rental Company Security
>> Physical Security in the Equipment Rental Yard
>> Jobsite Rental Equipment Loss Prevention
>> Rental Equipment Transportation Security: Protecting the Handoff
>> Late or Stolen? How to Stop Equipment Theft by Fraudulent Conversion
(more…)
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