The Chubb Group of Insurance Companies said it is making it easier for clients to register their construction equipment with the National Equipment Register (NER) as a theft deterrent move.
Insurance companies routinely register equipment thefts with NER. Chubb said in response to the rising cost of equipment thefts, it is making it easier for policyholders to register heavy contractors' equipment with NER in advance of any theft.
Chubb will pay the cost of registering the first 10 pieces of equipment. NER registration fees for items over the initial 10 will be reduced by 20 percent for Chubb policyholders under the insurer's arrangement with NER.
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