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Vehicle and equipment theft is a growing, costly problem. It costs you in lost revenue, man hours, downtime and missed contract deadlines.
Insurance is not enough. Unfortunately, too many companies learn the hard way that their theft insurance is not the complete solution to protecting their bottom line.
The hidden costs of theft:
- Vehicle and equipment replacement costs
- Vehicle and equipment rental costs
- Vehicle content replacement costs
- Lost cargo and onboard equipment
- Premium increases and insurance deductibles
- Crew and equipment/vehicle downtime
- Lost revenue
- Potential contract penalties
The facts speak for themselves:
- Industry sources estimate annual losses from heavy equipment theft are as high as $1 billion
- 71 percent of equipment owners have experienced equipment theft recently1
- As little as 19 percent of stolen heavy equipment is ever recovered2
1. Construction Equipment Theft Survey conducted by Cygnus Business Media (2008)
2. National Equipment Register 2011
Fight back with LoJack!
LoJack provides protection for your heavy equipment and vehicles. Using LoJack, police can help get your vehicles or equipment back fast, keeping you on schedule and within budget.
For more information or to schedule an installation, contact our Commercial Sales Department at commercialinfo@lojack.com or call 877-775-6522.
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