How to Fight Back Against Equipment Theft

It usually happens when you least expect it. You arrive on a job site in the morning, crew ready, schedule tight, only to find the excavator you rented is gone. For contractors, stolen equipment is more than an inconvenience. It’s a major hit to budgets, timelines and reputation. According to John Jeanguenat, who works closely with rental companies through the American Rental Association, the scope of the problem is larger than many realize.“We estimate that it’s at least $100 million a year in loss for the equipment rental industry,” he says.And that figure doesn’t even count equipment owned outright by contractors.“That