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Insurance company offers keys to protect against copper theft

USA. A simple penyet can be worth only a penny, but if we put together many of them and their copper content we can sell them between three and four dollars per pound; which is enough incentive for copper thieves, says Onebeacon Insurance Group. According to Charlie Sidoti, vice president of risk control services at Onebeacon Insurance Group, thieves search for copper almost everywhere, including commercial facilities, homes and construction sites. To protect this valuable resource, Onebeacon asks contractors and owners to minimize the risk of theft through the following mechanisms:

•Agree with local authorities on their regular presence at job sites.•Meet with construction staff management to implement procedures leading to the securing of materials and equipment.•Agree to timely delivery of copper materials, components and equipment, and avoid the storage of large quantities on site or in warehouses.
•Store larger amounts of copper materials in secure buildings, storage containers or wire cages.
• Develop or use an effective inventory management system to identify, measure and track copper materials and parts, and mark them with the company logo.
•Record serial numbers of equipment containing copper components.
•When trucks are used for on-site storage, secure them with locks and limit access to keys.

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