Construction equipment theft is everywhere, and if your business hasn’t been a victim yet, it likely will be. Nearly 1,000 pieces of construction equipment are reported stolen each month to the National Crime Information Center, but because many thefts go unreported, and there is no one central place tracking all thefts, this number is a low estimate. The National Insurance Crime Bureau estimates the losses total anywhere from $300 million to $1 billion annually.
These losses are only for the machinery itself. As a contractor, stolen construction equipment is also likely to result in downtime on the job, project delays, higher
