Equipment theft can be a big and costly problem for contractors. Fortunately, there are things you can do to better protect your equipment from theft. Consider these simple tips as a starting point:
- Get your equipment registered with the National Equipment Register. The National Equipment Register is the only comprehensive database of heavy equipment in the U.S. Registering your equipment will make it easier to find in the event that it’s stolen and will make it easier to file a report with law enforcement.
- Keep records regarding equipment organized, and make sure you include pertinent identifying information in your records, including make, model, model year, and VIN number.
- Keep your equipment in a fenced-in area. A high, chain-link fence is ideal because it makes theft more difficult and more conspicuous.
- Designate that only certain employees are “key holders” of valuable equipment. Any keys should be turned into these key holders at the end of each work day.
- Anchor equipment with chains and cables.
- When possible, install theft prevention devices that will immobilize equipment if someone tampers with it.
- Invest in GPS tracking software for trucks and other fleet vehicles. Unfortunately, light utility vehicles and trucks are among the most commonly stolen types of equipment.
- Make sure your worksites are well-lit at night, even when all of your workers are off the clock.
- Have managers keep record of any suspicious behavior they encounter.
- Stamp or engrave your heavy equipment to make it easier to identify if stolen.
- Install surveillance cameras or hire a security guard to monitor your work sites.
- Know what’s most commonly stolen and go to extra lengths to secure it. According to a 2012 NICB report, bachoes, skid steers, tractors, graders, and scrapers are some of the most commonly stolen equipment types.
Equipment theft prevention doesn’t have to be difficult or a huge investment. It does require effort and planning ahead, though. Consider the tips listed above as you refine how you approach equipment security.