Asset tracking system to improve theft recovery

Theft of assets such as boats, machinery, materials and equipment can severely affect your financial prosperity in a minimal amount of time. A real time asset tracking system can effectively increase recovery rates and put an end to unnecessary monetary loss. In fact, in many countries, asset owners are obligated to install GPS tracking devices in their valuable and expensive assets for insurance purposes and connect to an asset tracking system. Your chances for a successful recovery increase ten-fold with a GPS device when compared to protecting your assets without it.

Construction equipment theft has for example become a multimillion-dollar business. Construction equipment is an easier target than automobiles because it has easily accessible cabs and on-site security is often lacking. Recovery percentages are at a minimum since most machinery has poor ownership records and distinguishable serial numbers from manufacturers. An asset tracking system will have a high RoI.

The recovery percentage of stolen boats is also very low. Primary factors include the delay in reporting of stolen property, inaccurate owner records and the lack of information that can be provided to law enforcement. Asset tracking and a asset tracking system includes a wide variety of assets such as:

• Boat tracking
• Trailer tracking
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• Machinery tracking
• Construction equipment tracking
• Crane tracking
• Generator tracking
• Other valuable property tracking

Livecontacts can support you in the fight against theft by monitoring your valuable and expensive assets. The GPS devices can be hardwired into your asset or can be battery driven to enable quick and flexible installation. GPS allows for easy and accurate localization of the (stolen) asset and can be viewed on electronic maps via the Internet. Owners can receive email and text alerts with information on the location of tracked devices including the geographical coordinates, address information if available, and notification on entry or exit of a pre-determined geographic perimeter or geofence. All integrated into an asset tracking system.