Insurance Companies Join Forces with NER to Combat Equipment Theft

Thomas Rutherfoord Inc. and Compass Insurance Agency Inc. have entered new alliances with the National Equipment Register that will help their construction clients address the growing problem of equipment theft.

Rutherfoord, a management and insurance brokerage firm with headquarters in Roanoke, Va., and nine offices throughout the mid-Atlantic region, will now register its construction clients’ equipment with NER’s HELPtech database.

“We’re excited about our new alliance,” said Rob Stiles, Rutherfoord senior vice president and division manager. “Our clients will receive a discount on NER’s HELPtech service, and our staff will have access to NER’s expertise and industry contacts. The agreement puts Rutherfoord in a better position to advise our clients on equipment theft risks and solutions. The HELPtech service will also reduce our clients’ total cost of risk, since many insurance companies waive the deductible up to $10,000 for theft claims involving equipment registered with NER.”

“We’ve seen an increased demand from equipment owners for additional value-added services,” said Michael St. Hill, NER’s director of insurance services. “Rutherfoord’s agreement with NER shows the company’s commitment to being on the cutting edge of industry solutions and providing its clients with the best possible programs.”

Houston, Texas-based Compass Insurance Agency entered an agreement with NER that will help its clients combat the growing and costly expense of equipment theft. Through the collaborative effort, Compass Insurance clients will receive a discount when registering their equipment with NER’s HELPtech database. In addition, Compass Insurance staff will have NER’s expert support on equipment theft matters.