Is your Company Losing Construction Tools and Equipment?
“Zurich Canada reports that insurance claims due to construction theft have climbed to approximately $46 million annually. The rise in insurance claims has ultimately led to increased insurance premiums. In some cases, the increase is so dramatic that the contractors in question have extreme difficulty getting insurance”. May 1, 2002 by Rosie Lucifero in Canadian Underwriter.
Canadian Underwriter
How can construction companies reduce asset loss?
To the very cost of the tools, we must add the cost of time wasted looking for lost tools, and the unfinished work from not having the proper tool onsite when needed.
Unfortunately, the current solutions most used by contractors and construction companies to combat accidental asset loss is largely ineffective, like using a sharpie marker that can wear off and become unreadable, or printed labels that have difficulties withstanding harsh working environments.
A construction business needs high-quality labels to put on their equipment and to put a mark in their assets that won’t slip, peel, or wash off from daily use and can withstand harsh weather conditions.
Additionally, each piece engraved directly or with a label must contain a code to facilitate tracking.
You know It's a good solution when it's customizable, meaning that you can add your company name or logo and code (QR, Datamatrix, Bar or Alpha numeric code) designed for the asset.
And of course it must be durable, not only the direct engraving on the assets, but also the material of the labels must be durable, such as anodized aluminum foil or steel labels.
CONCLUSION
To limit the number of accidental tool and equipment loss, construction managers and teams need a permanent marking solution.
Among other things, this solution must come with highly durable labels, for those equipments that do not allow direct engraving, that can withstand harsh conditions.
Inkless is an engraving services company with 22 years of experience, always looking for the best solutions for our customers.
We pride ourselves on delivering a personalized service.
Inkless Engraving Services
Inkless Engraving Services
Is your Company Losing Construction Tools and Equipment?
“Zurich Canada reports that insurance claims due to construction theft have climbed to approximately $46 million annually. The rise in insurance claims has ultimately led to increased insurance premiums. In some cases, the increase is so dramatic that the contractors in question have extreme difficulty getting insurance”. May 1, 2002 by Rosie Lucifero in Canadian Underwriter.
Canadian Underwriter
How can construction companies reduce asset loss?
To the very cost of the tools, we must add the cost of time wasted looking for lost tools, and the unfinished work from not having the proper tool onsite when needed.
Unfortunately, the current solutions most used by contractors and construction companies to combat accidental asset loss is largely ineffective, like using a sharpie marker that can wear off and become unreadable, or printed labels that have difficulties withstanding harsh working environments.
A construction business needs high-quality labels to put on their equipment and to put a mark in their assets that won’t slip, peel, or wash off from daily use and can withstand harsh weather conditions.
Additionally, each piece engraved directly or with a label must contain a code to facilitate tracking.
You know It's a good solution when it's customizable, meaning that you can add your company name or logo and code (QR, Datamatrix, Bar or Alpha numeric code) designed for the asset.
And of course it must be durable, not only the direct engraving on the assets, but also the material of the labels must be durable, such as anodized aluminum foil or steel labels.
CONCLUSION
To limit the number of accidental tool and equipment loss, construction managers and teams need a permanent marking solution.
Among other things, this solution must come with highly durable labels, for those equipments that do not allow direct engraving, that can withstand harsh conditions.
Inkless is an engraving services company with 22 years of experience, always looking for the best solutions for our customers.
We pride ourselves on delivering a personalized service.
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