Construction businesses are at a heightened risk of jobsite theft, as expensive tools and machinery are attractive targets for criminals. Theft of construction materials can substantially disrupt a project, leading to delays and significant financial losses; therefore, it is essential for companies to understand how to prevent these incidents.
Although every jobsite has its own unique challenges, basic strategies to prevent theft include the following:
If a jobsite theft does occur, it is critical to report it to the authorities. Although they may not always be able to recover stolen items, reporting losses allows them to establish a pattern that may help solve future cases or prevent them from occurring. The reports should include as much detail as possible about the incident (e.g., when it took place and what was stolen).
Additionally, a business should promptly report thefts to their insurance provider so the insurer can respond quickly and begin the claims process. The insurance professional can also offer more information on available policies so a construction business can secure coverage that best fits its needs.
Theft might be difficult to predict, but there are several controls that construction operations can implement to protect their property and mitigate their risks.
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Article Published By Zywave, Inc.