Saturday, November 23, 2024

Tools stolen every 15 minutes, according to insurance company research

One in five tradespeople have had tools stolen from their vans during the last year, according to new research by Direct Line business insurance.

But the research also reveals that one in seven leave their tools in vans every night, and others do so on average ten nights a month.

Alison Traboulsi, Product Manager at Direct Line business insurance, said: “The frequency of tool theft is a growing concern, with recent research showing that tools were stolen every 15 minutes across England, Wales and Northern Ireland in 2022. Our latest data reveals vehicles remain the primary target, with nearly two-thirds of all tools stolen from this location. Because of this, it’s important to consider tool security when getting insurance.”

Vehicles are the most frequent location where tools are stolen accounting for over half of thefts, with thieves breaking into vans parked directly outside the homes of tradespeople. Vehicles are targeted while parked in the street, on the tradesperson’s own drive, on site, in a garage or car park.

Tradespeople are taking measures to help secure their tools and deal with consequences of tool theft, with many installing additional security (28 per cent). Other steps include becoming a member of social media groups where other tradespeople post about stolen goods (27 per cent), keeping insurance up-to-date (21 per cent) bringing tools indoors to a securely locked building (20 per cent), keeping up-to-date information such as photos, serial numbers and identifying marks (18 per cent), engraving or using invisible ink to mark tools (16 percent) and using tracking devices (15 per cent).

A message from the Editor:

Thank you for reading this story on our news site - please take a moment to read this important message:

As you know, our aim is to bring you, the reader, an editorially led news site and magazine but journalism costs money and we rely on advertising, print and digital revenues to help to support them.

With the Covid-19 pandemichaving a major impact on our industry as a whole, the advertising revenues we normally receive, which helps us cover the cost of our journalists and this website, have been drastically affected.

As such we need your help. If you can support our news sites/magazines with either a small donation of even £1, or a subscription to our magazine, which costs just £31.50 per year, (inc p&P and mailed direct to your door) your generosity will help us weather the storm and continue in our quest to deliver quality journalism.

As a subscriber, you will have unlimited access to our web site and magazine. You'll also be offered VIP invitations to our events, preferential rates to all our awards and get access to exclusive newsletters and content.

Just click here to subscribe and in the meantime may I wish you the very best.








Latest news

Related news