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Are you covered for theft or vandalism in the workplace?



  coverage-for-theft-or-vandalism Jobs are common targets for theft. Thieves are looking for something of value that can be sold for cash that can include building materials, tools, equipment, trailers and vehicles . At present, the nationwide unrest that has triggered looting and vandalism has increased the risk of theft and damage to vacant construction sites.

Developing a site-specific security plan can help reduce the risk of burglary and theft from your workplace. Construction Dive provides these examples of what a security plan should include:

  1. Secure and reduce the number of entry points . Multiple entrances create more exposure and more places to set up cameras, protection, gates and other security features.
  2. Store and lock materials, equipment and tools . It may be easier to throw a tarp over a pile of materials or tools on your site, but securing them in containers provides additional protection.
  3. Add Security . The presence of security guards or cameras with stationary signs makes most thieves think twice about stealing and can provide valuable evidence if someone is caught on the spot without permission.
  4. Get to know nearby businesses and local authorities . This increases the number of people looking for your property.
  5. Securing the right insurance coverage . Hopefully you do not have to use it, but if you do, the right coverage will mean a minor headache.

Risk management is a defensive maneuver. Even with the best planning and preparation, losses can occur. That is why large insurance policies are essential.

Commonly overlooked construction sites include:

  1. Installation coverage for stored materials. Stored materials are not included in your company's personal coverage or stock once they have been moved to the workplace, with an installation policy protecting these materials on site.
  2. Equipment coverage. Most equipment is not covered by your car policy and needs separate coverage. When covering the equipment, make sure you plan it for replacement cost and that you have included the serial number. Covered by rented and leased equipment is also smart to have.
  3. Most tools are covered by your company's private property, but you can also cover Employee tools.
  4. Cars and trailers. These should be stated in your car policy. Keeping an up-to-date inventory with your agent is important, especially if you have a large vehicle fleet.

These extra safety precautions in the workplace may seem boring in advance, but the extra protection is worth it. Dealing with a construction site loss has a trickleddown effect that interrupts the entire project. Demanding the same coverage from your subcontractors can also help alleviate project interruptions.

If you need help creating a workplace safety plan or have questions about whether your workplace is covered for loss of theft or vandalism, contact us. BNC Agency is knowledgeable in the construction industry and can ensure that you are protected.


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