Vehicles such as cars, lorries, trucks and vans are expensive assets. They’re significant investments that allow the business to carry out work, transport staff and move much-needed supplies and goods. When a vehicle is stolen it may cause operations to cease. The extra time spent trying to re-plan operations or simply deal with the law enforcement agencies, takes precious time away from serving customers and retaining profits.
Depending on your level of insurance cover, theft can cause huge financial repercussions on a business. Businesses with small fleets may need to cancel jobs/work due to a lack of transportation or equipment. The time and cost spent making an insurance claim or dealing with the authorities can be hugely unproductive during business hours.
Even replacement vehicles may perhaps be less fuel efficient and therefore cost the business more in fuel costs.