Leveraging Information & Technology For Equipment Loss Control & Recovery-Leveraging Information & Technology For Equipment Loss Control & Recovery

Video Transcription

Video Summary

The video emphasizes the importance of leveraging resources like the National Equipment Register (NER) to understand and prevent equipment theft in the construction and farm industries. It discusses the two-bucket approach for risk evaluation, common stolen items, and preventive measures like employee training and monitoring. Utilizing telematics and GPS tracking devices is recommended for enhanced security. The lack of mandatory titling for construction equipment underlines the need for a centralized resource like NER. Challenges of equipment theft, including opportunistic thieves and recovery difficulties, are highlighted. Advanced technologies and physical security measures are advised to reduce theft risks. The transcript also touches on recovering stolen equipment, especially across borders. Overall, the video promotes proactive steps and utilizing NER to protect equipment, decrease theft likelihood, and enhance security in the industries.

Asset Caption

Date of Publication: August 17, 2023
Duration: 88 minutes

Theft of contractors equipment is a growing problem for both the construction and insurance industries. This webinar covers:

Avoiding losses
Leveraging technology to prevent and mitigate equipment losses
Most targeted types of equipment
Loss trends and theft deterrent devices
Job site security and geographical risks

Meta Tag

Module Loss Control & Claims

Keywords

National Equipment Register

equipment theft

construction industry

farm industry

risk evaluation

stolen items

preventive measures

telematics

GPS tracking devices

mandatory titling

opportunistic thieves

recovery difficulties