If OneBeacon-insured equipment that is registered with the National Equipment Register's HELPtech database is stolen and not recovered, OneBeacon will waive the customer's deductible, up to $10,000, provided the owner has reported the theft to law enforcement.
NER's secure and confidential databases of more than 15 million ownership records and 90,000 theft reports enable law enforcement to identify the true owner of registered machines 24 hours a day. NER also provides a warning decal for each piece of registered equipment, to deter theft. OneBeacon policyholders will receive a 20-percent discount off NER's registration fee.
"By joining forces with companies like National Equipment Register, we can offer our customers in the construction industry the added comfort of a proven, reliable solution for protecting critical assets," says Don Keahon, OneBeacon's national inland marine manager.
National Equipment Register, a member of the ISO family of companies, manages a national database of heavy equipment ownership and thefts to help equipment owners, the insurance industry and law enforcement identify and recover stolen equipment.
OneBeacon Insurance Group's underwriting companies offer a range of specialty and segmented commercial and personal insurance products sold through select independent agents, regional and national brokers, and wholesalers. OneBeacon's U.S. headquarters is in Canton, Massachusetts. The company is publicly traded on the New York Stock Exchange under the symbol "OB".
SOURCE OneBeacon Insurance Group