Risk managers can help deter theft of construction and agricultural equipment by focusing their efforts on protecting high-value, easily transported machinery, according to a new National Equipment Register report.
Smaller, unsecured equipment is most vulnerable to theft, NER said, and nearly 40 percent of all construction and agricultural equipment theft occurs in just five states.
NER, a database company established to reduce heavy-equipment theft rates and increase recoveries of stolen equipment, said that based on more than 5,000 theft reports submitted to NER in 2005, Texas leads all other states in the number of heavy-equipment thefts, followed by California, Florida, Missouri and South Carolina.
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