Tower Crane Insurance Tips About Equipment Theft

Tower Crane Insurance

One of the biggest problems that owners of a tower crane face on a daily basis is the possibility of it being stolen. This could mean temporary disruption from construction activities and when this happens, loss of earnings is a fact. If you want to protect your tower crane from any issues of theft, consider these tower crane insurance provider tips on how to protect this equipment against thieves.

Tip #1 – Be aware of the real reason why this property is a hot item for thieves

One of the reasons why theft is rampant among heavy equipment units like the tower crane is due to the resale value, especially of a top brand name of manufacturer. Whether you have had your tower crane for years or have recently acquired the latest model, theft is common among construction businesses, particularly at the work site. Keep in mind, thieves would do anything just to get one of these sellable assets.

Tip #2 – Put appropriate markings on the equipment

Since potential theft of expensive construction equipment is a possibility, it’s a good idea to put appropriate markings on your tower crane to help you easily track the unit. You can invest in stamping or engraving to prevent thieves from easily reselling the unit.

Tip #3 – Maintain records of the equipment

You must keep a record of any vital information for your tower crane such as the equipment’s serial number, visible signs or distinguishing features that could help identify you as the legal owner in the event of it being stolen or swapped. I suggest you take a photo of your tower crane including the serial number, model and other marks. You can show this during an investigation if thieves are caught selling the unit. If you buy tower crane insurance, these requirements are part of the processing of an insurance purchase to ensure that the unit is legally yours.

Tip #4 – Be aware of the tactics of the bad guys

For your protection against theft issues, you need to be aware of the underhand tactics of thieves stealing heavy equipment. You can read the latest reports in your area or learn about past experiences of owners who reported their equipment units like the tower crane, missing or stolen. Be extra vigilant about your surroundings and take some preventive measures to ward off the thieves from coming close to your equipment.

Tip #5 – Keep your storage area secured

To prevent easy access or intrusion to your storage area, use top performing security locks, install motion sensor alarms and other security devices that will make it hard for the thieves to commit the crime. If there’s no one to stay and guard the units overnight, install proper lighting in the area and CCTV cameras. Applying all these security procedures will not only help track thieves but also fast track the processing of a tower crane insurance claim.

Tip #6 – Get the right protection coverage

If you can’t prevent all possibility of theft, insuring the tower crane with the right protection coverage on your tower crane insurance policy will give you peace of mind that you won’t be left with huge losses. The insurance company where you bought the policy will ensure you are fully compensated in the event of a claim due to loss.

Earthmoving Insurance HQ specializes in Tower Crane Insurances and can help you protect your valuable asset. Call our brokers today for obligation free quotes and advice on 1300 815 344 or request a quote online.

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