Lexington Insurance Co., a Chartis company, announced an agreement with National Equipment Register (NER), which will help Lexington’s contractor equipment policyholders protect their construction equipment from theft by registering their machines on NER’s HELPtech database and providing them with HELPtech theft deterrence decals.
Through this business relationship, NER will provide a 20 percent discount to Lexington’s insureds when they register their equipment on NER’s HELPtech database. Additionally, for policyholders who elect the waiver of theft deductible and theft reward endorsement, Lexington will waive its theft deductibles up to $10,000 per occurrence if an insured’s equipment is registered prior to a theft and not recovered within 30 days of it being reported.
Source:
Topics Fraud
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