How valuable are your assets? Over the past few years, the idea of a Fleet Management systems has changed. At first, they were mainly utilized for keeping an eye on your fleet, but now they mean much more. Fleet management systems equate to peace of mind and security, not only for your company, but for your company’s profits, but for its most important resources.
When investing in assets for a company, an obvious approach is often to purchase or update an insurance policy (right?)
In reality, the repercussions for having your insurance pay out a claim for lost or stolen equipment can be very costly. Some companies may actually consider absorbing the costs of lost equipment over risking an increase on their prime, due to an incident or theft.
Did you know that only 23% of stolen heavy equipment in the United States was recovered in 2014? This means big costs, not only for equipment owners but for equipment rental companies and even for the insurance companies themselves.
According to the 2014 Heavy Equipment Theft Report published in October, 2015 by the National Crime Information Bureau (NCIB) 1,475 Tractors and 1,907 Loaders and 5,051 Mowers were stolen in the United States in 2014 alone. This translates into a lot of money! And, as you might know, the cost of stolen equipment is way higher than the cost of replacement (click here to read the details), and we are not talking about vehicles only, we are talking about any equipment. Remember this:
“If they can move it, they can steal it!”
The minimum investment that represent an Asset / Fleet Tracking System is minimal if you compare it to the cost of lost equipment. Here is where you must ask yourself an important question: “How valuable are my assets?”
During the last few weeks, we have received several “success stories” from some of our customers who became part of the NCIB statistics. The difference here is that they had a happy ending.
"I want to say a HUGE thank you for assisting us last night after-hours to work with the Calgary Police to recover our stolen air compressor. Helping us after hours was above and beyond and I am so happy to report that we have recovered the equipment, saving us thousands in replacement cost. Fleet Complete to the rescue!"
“Fleet Complete to the rescue!!!”
Here is a short message we received from one of our customers in BC:
“I want to say a HUGE thank you for assisting us last night after-hours to work with the Calgary Police to recover our stolen air compressor. Helping us after hours was above and beyond and I am so happy to report that we have recovered the equipment, saving us thousands in replacement cost. Fleet Complete to the rescue!” – Kristal
We have another really happy customer in Calgary who during 2015 have recuperated a 50K value Service Truck, a 90K value excavator and most recently a trailer. This customer saved thousands of dollars thanks to the use of our Fleet Tracking solution.
Having a real-time tracking device will help prevent loss of very valuable equipment. Even better now, you can actually keep track of your assets via mobile which means lower investment and increased efficiency.