According to an story in The Journal of Commerce from Western Canada, common sense can help stop equipment theft…along with handy GPS tracking systems.
An insurance company vice-president offered the suggestions during a seminar on bonding and insurance, sponsored by the Vancouver Regional Construction Association.
Another important point covered during the seminar is the brazen nature of equipment thieves, who now steal equipment during daylight working hours.
Some thieves pretend to be employees hired to operate equipment, such as a Bobcat loader operator. It’s not till the bobcat and the “employee” have vanished that the truth is discovered. Other thieves use flatbed trucks, stealing equipment off parked trailers.
Stolen equipment is beyond recovery shortly after a theft, but a GPS tracker can make the difference. Trackers are a modest investment compared the thousands it takes to replace just one piece of heavy equipment.