Safeguarding contractors' small tools and equipment: A guide to loss prevention

The theft of small tools and equipment from construction sites is an ongoing concern for project stakeholders, including contractors, customers, hire companies and the police. Thievery of these types of items is on the increase, potentially impacting the smooth running of projects with increased costs, project delays and damage often ensuing.

This brief guide to loss prevention aims to provide a best practice guide for preventing the theft of small tools and equipment (ST&E) from construction project sites and vehicles.

Topics covered include:
• Key practical arrangements to mitigate the risk of theft.
• Industry theft prevention and recovery best practices.
• The minimum requirements that may be expected by insurers.