Security and theft prevention are essential in any type of equipment. Around one billion dollars in heavy equipment are lost annually due to theft, according to the National Insurance Crime Bureau (NICB). The definition of heavy equipment theft covers not only obvious crimes like equipment replacement or. It also includes downtime labor costs, project delay penalties, and even the value of the equipment lost over the course of law enforcement or adjuster investigation.
These security measures are made even more effective if the heavy equipment is diligently kept track of on site. A detailed inventory should be kept at all times of each piece of equipment used on a site. This will assist legal investigation or police action in their problem resolution if any theft were to occur. Such an inventory should include photos of each piece of equipment, their paint color, record year, model number, modifications, manufacturer, and serial number.
Heavy equipment can be registered at the database www.ner.net which is a national archive that helps legal actions concerning such equipment.