Through an alliance between the National Equipment Register and CNA, the insurer will waive up to $10,000 of a policy deductible if a piece of construction equipment registered with the national database is stolen.
National Equipment Register tracks heavy equipment theft and through its database, aids equipment owners, the insurance industry and law enforcement identify and recover stolen equipment.
CNA policyholders will also receive a 20 percent discount on NER’s theft prevention and equipment recovery services, according to a Sept.20 announcement.
Source: National Equipment Register
Was this article valuable?
Here are more articles you may enjoy.
Reinsurance Rates Continued Softening During April Renewals, Despite Iran War 
Chubb: Cyber Claim Severity Nearly Doubled for Large Businesses 
Taylor Swift Sued for Trademark Infringement Over ‘Life of a Showgirl’ 
Secret Codes and Yuan Fees Get Ships Through Iran’s Hormuz Tollbooth 
