The Chicago Cubs. The Solomon Islands. The LA Lakers. A Round Trip to the Moon. What do these all have in common? They could be bought for about $1 billion. Add one more thing to that list. $1 billion is the amount of revenue lost nationwide each year due to theft of construction equipment and tools, according to the National Insurance Crime Bureau. A study commissioned by the LoJack Corporation in 2014 found that 83% of equipment owners have been victims of theft at some point in their careers.
So what can you do to help keep your equipment safe? Think VROOM:
Secure your Site! Think SCREECH:
By taking the time and employing some of these tips, you can help your business reduce its risk of equipment theft. You might not save enough money to buy the Chicago Cubs, but hopefully enough that you can take your crew to a game!