Stolen Backhoe: Bad Luck Or Bad RM?

It’s Monday morning and there’s a gaping hole in your fence and your backhoe is missing–is that bad luck or bad risk management? Perhaps a better question for the risk manager is: “What could I have done to prevent this?”

Before answering, it’s necessary to understand the nature of the problem and why thieves steal heavy equipment.

Equipment is a target for thieves because the potential reward is considered to be greater than the potential risk. Heavy equipment has little physical security, is valuable, and is easy to sell.

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