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Construction equipments are needed to be insured !!!
QUESTION:Do I need Construction Equipment insurance?
ANSWER: The construction equipments are needed to insure because the construction equipment theft is a growing and lucrative market for criminals.
In some reports, you can see:
- $1 billion is lost annually in stolen equipment and tools,
- An equipment today magazine survey found that nearly 75% of all respondents experienced equipment theft.
- 64 % of those affected by this crime never recover their equipment.
So the insurance companies can commit to loss prevention and help their customer avoid the lost productivity, revenue, and missed contract deadlines associated with this crime.
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