Effort aims at reducing heavy equipment theft

Keene-based Peerless Insurance is teaming with LoJack Corporation in a joint effort to help construction customers combat job-site crime.

Peerless reported that, according to the National Insurance Crime Bureau, or NICB, organized crime rings are the driving force behind an increasing problem: theft of heavy equipment at construction sites. The crimes total losses of $1 billion annually, according to NICB.

Under the Peerless-LoJack partnership, the stolen vehicle recovery firm will offer its LoJack for Construction Equipment police-operated vehicle recovery systems available at a reduced price to construction customers.

“LoJack’s technology is a perfect fit with our focus on minimizing risks and losses through loss prevention,” said Chuck Badeau, loss prevention manager for Peerless. “With some construction equipment valued at hundreds of thousands of dollars, this is a loss prevention tool with a proven recovery rate that can work to keep losses off the balance sheet.”

For more information, visit peerless-ins.com. – JEFF FEINGOLD