amb Insurance Services Limited

5 ways to prevent construction site theft

Many construction projects operate to tight budgets and pressing deadlines, meaning hired or owned equipment and tools need to be easily and quickly accessible to contractors.

But the open nature of building sites, along with insufficient storage and security measures, can make construction projects a tempting target for thieves.

What’s more, statistics from the NICB (National Insurance Crime Bureau) reveal that tools and equipment have a relatively low recovery rate. In 2014 only 23% of stolen construction equipment was eventually returned to its owners.

How to prevent construction site crime:

  1. Pay attention to people

Unsavoury as the thought may be, crimes can often be carried out or assisted by staff with ‘insider knowledge’, while an unfamiliar face wandering onto a building site may be overlooked by staff who are used to an ever-changing rota of contractors.

  1. Invest in strong protection

Physical security measures are your first line of defence, so investing in the toughest tech and strongest locks can pay off.

  1. Consider where you store equipment

It’s not just about how you store your machinery, but also where. This is especially important overnight and when not in use.

  1. Know what you’ve got

Sounds simple, but a detailed list of the equipment you own can be invaluable if something goes missing.

  1. Always report a crime

As well as an inconvenience to your business, it goes without saying that theft and vandalism are criminal acts. Therefore you must make sure you report any break-ins or thefts to the police, even if only a small or insignificant piece of equipment is stolen.

The police will then be able to start putting together a pattern if any more crimes are committed, either against you or nearby businesses, while insurers can sometimes ask for the Crime Number given to your by the police.

If something is stolen and you try to call on your insurance, failing to take sufficient precautionary measures could lead to rejected claims. It is also important to correctly estimate the value of your business tools and equipment, as underinsuring them could see an insufficient payout.

amb Insurance can help you provide a thorough assessment of your business assets and arrange insurance with adequate cover limits for your construction business. Get in touch to find out more.

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amb Insurance Services Ltd
Hillcrest House
2 Woodland Avenue
Wolstanton
Newcastle
Staffs
ST5 8AZ

T: +44 (0) 1782 740044
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E: info@ambinsurance.co.uk

Registered in England. No.4923995.
Registered office Hillcrest House