January is the worst month for tool theft

A warning has been issued to tradespeople working in London this month, after January emerged as the worst period for tool theft in the year. The official figures, obtained from the Met Police by small business insurer Simply Business under the Freedom of Information Act, show a total of 1569 thefts were reported in January 2018, almost 400 more than the month prior in December 1187. The same figures reveal that Barnet is the worst area for tool theft with 1281 individual reports of theft over the year, followed by Enfield (1019) and Waltham Forest (771).

Bea Montoya, Chief Operating Officer at Simply Business, comments: “The New Year is usually a time for celebration, but there is nothing to celebrate about these figures. In London, tools are stolen once every half hour on average, and we’re urging tradespeople working in the capital this January to take extra caution.

“Tradespeople are crucial when it comes to keeping Britain running, but they’re being stopped in their tracks on a daily basis due to the ongoing tool theft epidemic. Tool theft rips through the lives of thousands of tradespeople and their families every year, with victims losing out on over £3,000 each on average, through lost earnings and replacing stolen equipment.

“Having their tools stolen doesn’t just impact their ability to work, but it affects their livelihoods too. Putting the correct measures in place will go a long way in combating tool theft, protecting the lives and jobs of millions of tradespeople up and down the country.”

To minimise risk, Simply Business advises tradespeople to park vans in busy, well-lit, areas and to remove tools overnight. Tradespeople are also advised to make a note of serial numbers, as well as the make and model of tools they own, as providing this to police in the event of them being stolen will help with identification if they’re found, as well as easing the process of making an insurance claim.

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