Police forces across Britain are warning about the high number of catalytic converter thefts, which is causing considerable cost to UK businesses.
The current trend for rising metal prices is increasing the instances of this theft and with precious metals such as platinum, palladium and rhodium included catalytic converters are a valuable component.
However, the value of detachable devices from vehicles doesn’t stop there. Thieves are also removing tyres and aluminium door panels.
For companies relying on vehicles for the day-to-day running of their business, crimes of this kind can be expensive to deal with and cause disruption.
The cost of vehicles being off the road hits balance sheets and repairs can often be more costly due to thieves’ hastily removing parts and causing more damage.
Sarah Mallaby, head of motor claims at Allianz Insurance, said: “We know that criminals are targeting fleets of vehicles to capitalise on the value of catalytic converters and the increasingly valuable metals they contain.
"Businesses need to consider how secure their premises are to avoid becoming a victim of this crime and facing thousands of pounds worth of damage, as well as the difficulties of operating on a reduced number of vehicles.”
Allianz Insurance offers the following advice to businesses:
- Whether you’re parking vehicles in a garage, car park, or on the street, try to leave them in well-lit areas.
- Consider investing in security lights to react to any movement and ensure these are tested regularly.
- CCTV can act as a deterrent and is most effective when monitored off site. For further security, businesses could look to implement perimeter security.
- Mark expensive removable items such as catalytic converters and spare tyres with security etchings to deter criminals.
- Fleet managers could consider removing catalytic converters where possible, or invest in catalytic converter protectors.
- Store valuable goods in alarmed and locked buildings, and know where the keys are at all times.
- Think smartly about parking, positioning the most expensive vehicles surrounded by those that are a lower risk.
Companies could also consider protecting their vehicles with a device such as CatClamp (pictured). Find out more here.