Construction sites are often unsupervised overnight, and with an abundance of valuable materials, they make ripe targets to thieves and other criminals.
You may not be aware of this, but there’s a gold mine under your company’s cars and trucks…and using the term “gold mine” is actually an understatement. We’re talking about catalytic converters, which house metallic elements that are currently valued as much as 15% times the price of gold.
According to The National Equipment Register (NER), construction site theft costs the industry up to $1 billion each year. The National Insurance Crime Bureau (NICB/CEG) reports, nearly one thousand pieces of commercial equipment are reported stolen each month. According to the NER/NICB report, only 21% of the stolen equipment was recovered in 2016.