Theft, trespassing, fires or other losses are constant threats on vacant construction sites. Losses might include not only the value of damaged or stolen materials but also the liability of an individual being injured on the property and the loss of time if a crucial piece of equipment is damaged or stolen. The insurance risks and liabilities associated with vacant construction sites can be extensive. To ensure that you are adequately protected, it is important to know the risks you face. In addition to purchasing comprehensive insurance coverage, there are numerous preventive strategies you can adopt to maintain vacant properties in a way that reduces risk and liability.

Fleet fraud refers to a host of deceptive activities that may occur amid the sale and operation of commercial vehicles and their individual assets (e.g., engine parts). Such fraud is a significant concern for any business that utilizes commercial vehicles, whether it’s a few small cars or a dozen tractor-trailers. According to a recent report from trucking software company Motive, as much as 22% of the average business’s fleet spend is compromised by vehicle theft and fraud. Furthermore, 44% of business owners confirmed that fleet fraud affects their operations, yet they don’t know how to address it. Fleet fraud not only leads to financial losses and elevated insurance expenses but can also reduce operational efficiencies and threaten roadway safety. As such, it’s imperative for businesses and their commercial drivers to be aware of such fraud and related mitigation measures. This article explores the five main types of fleet fraud—vehicle theft, cloning, title washing, staged accidents and fuel fraud—and provides effective prevention strategies.