Theft of Small Tools – A Big Problem

Theft from construction sites has always been a concern, but the recent increase in the theft of small tools, in particular, has become a major headache for contractors, property owners, project stakeholders and the police, who are seeing unprecedented levels of this type of crime.

It's estimated that tool theft has cost the construction industry £2.8 billion in total, with losses of £98 million in 2023.

Not only does the theft of small tools mean financial loss, but it also results in frustrating disruption and delays to a building project, and sometimes results in repairs from accompanying damage. A self-employed trader may find they can’t work until their tools are replaced.

HSB has published a brief guide to loss prevention that 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.

Download the guide by HSB today, HERE.

Other blogs which may be of interest:

Metal thefts on the rise

Forklift trucks and seat belts - What your business needs to know

Any questions? Please don’t hesitate to contact one of our team.

Matthew.Collins@ascendbroking.co.uk  | Office: 01245 449060