Although it is important for companies to trust their workers and the general public, the unfortunate reality is that theft can happen at any time. This is particularly true in the construction industry, where expensive tools and machinery are often left in plain sight or are easily accessible to criminals.
Construction site theft is especially damaging, as the theft of materials and tools can quickly delay a project, sometimes bringing production to a halt. What’s more, many construction workers pay for their own tools and, in the event of a robbery, may have to recoup losses out of their own pockets.
General Tips
While every jobsite presents its own set of unique challenges, there are a number of general tips firms can use to better secure a construction site.
The following are some basic strategies you can use to protect your materials and tools from thieves:
Worksite Protections
Equipping your worksite with theft-prevention features is mandatory if you expect to ward off potential criminals. Whenever possible, consider doing the following:
If possible, install security cameras to safeguard your job site. Overall, training employees on how to best keep materials and equipment out of the hands of thieves is your first line of defence against losses.
Controls for Equipment, Tools and Materials
The number of tools and machinery found on a construction site can vary heavily from day to day, making it difficult to keep track of valuables. That’s why the first step in any good protection program is to inventory the equipment you have.
An inventory should be made available for each jobsite and should accomplish the following:
Firms should assign one employee to be in charge of managing the inventory. This person would be responsible for keeping track of all materials, tools and deliveries.
Other major steps to securing equipment, tools and materials include the following:
In general, it’s important to keep inventory levels low on-site to discourage thieves. In addition, creating and maintaining an equipment program can make all the difference when it comes to safeguarding your tools.
Equipment programs should make employees, managers, supervisors and foreman responsible for equipment losses. Under such programs, all losses are must be reported, regardless of how small. You should review equipment programs at least annually.
Protect Your Projects
Theft is unpredictable, but there are many workplace controls that firms can implement in order to protect themselves. In addition, it’s important to speak to a broker to seek the appropriate insurance coverages. Contact the Axis Insurance Group today for more information.
Our Construction Content Package can enhance your risk management efforts, covering topics pertaining to risks and coverages that are unique to the construction industry. Download your FREE copy today!