Frederick Mutual insures thousands of artisan contractors as part of Frederick Mutual Secure BOP® program. According to a Milwaukee Tools article, power tools are the most stolen items from a jobsite and a report conducted by the National Equipment Register and National Insurance Crime Bureau found that “construction companies face losses between $300 million and $1 billion annually due to equipment theft.” The report also discusses the expenses of project downtime and time spent filing a claim/report to their insurance company and police department can have significant impacts on productivity in addition the value of the materials that were stolen. Frederick Mutual wants our contractors to avoid these pitfalls and offers the following solutions recommended by https://lnkd.in/eNgEDM8:
Contractor Tool Theft Tips
