LoJack Program Helps Prevent Heavy Construction Equipment Theft
The Hanover Insurance Group, Inc. today announced a unique partnership with LoJack Corporation, the only police-activated stolen vehicle recovery system in the U.S. Through the alliance, the insurer will waive up to $25,000 of a policy deductible if a piece of LoJack-fitted equipment is stolen and not recovered. In addition, independent agents can offer construction company clients who install LoJack on their commercial equipment discounted insurance rates with The Hanover.
“We are thrilled to partner with LoJack to offer discounted insurance rates to our commercial clients,” said David Firstenberg, president of The Hanover’s commercial lines business. “Given LoJack’s track record, we truly believe that encouraging policyholders to participate in this program will help significantly reduce the risk that their equipment will be stolen and will not be recovered. As a super regional property and casualty insurer, we are dedicated to being there when our policyholders need us the most. This program reinforces that commitment.”
Specifically, in an effort to reduce the increasing risk of theft of this expensive equipment, new customers or customers renewing their policies are eligible to receive $100 savings off of their insurance policy for each of the first 15 vehicles fitted with a LoJack stolen vehicle recovery system, which can ultimately result in a savings up to $1,500. LoJack has enabled police to recover more than $15 million in stolen construction equipment in 2005.
The LoJack system can be fitted to most construction vehicles and entails the covert installation of a small radio frequency device that is tracked by police. LoJack requires no monthly fees.
The special offer is yet another example of The Hanover’s commitment to providing its agency partners with solutions that benefit their clients, while helping to grow their own businesses. This anti-theft program also helps The Hanover’s agent partners build deeper relationships with their commercial clients, by reducing the risk of a theft to their “big ticket” construction equipment.
“We are excited to partner with The Hanover to help combat the serious problem of construction equipment theft,” said Richard T. Riley, LoJack’s President and COO. “As an organization dedicated to offering the most efficient solutions for the tracking and recovery of stolen mobile assets, we are always looking for innovative partnerships that support our goals.”
From ABI Research
Technorati Tags: Hanover Insurance Group, LoJack, vehicle recovery system
Written by GPS Tracking Guy on August 31st, 2006 with no comments.
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