Insurance Carrier Offers Truckers 15% Discount for Theft Detection Device

In response to the continuing increase in cost of the average cargo theft, the Chubb Group of Insurance Companies is offering its customers a discount of 15% on MAGTEC systems that monitor a truck’s location, speed and travel direction in real-time, and if necessary, can remotely and safely disable the vehicle.

Drivers may also press a panic button to transmit a distress alert.

“The cost of the average cargo theft has risen by 36 percent as thieves increasingly target more expensive goods,” said Pat Stoik, global marine manager for Chubb, citing numbers recently published by FreightWatch International. “Shippers of electronics and other high-valued items especially need to put a greater roadblock in the way of these daring thieves.”

Several other truck and cargo security systems manufacturers also offer discounts to Chubb’s motor truck cargo legal liability customers. Chubb customers may receive an insurance premium reduction, a waiver of their insurance deductible or a manufacturer discount when they purchase cargo security services or systems from companies such as CargoNet, LoJack, FreightWatch or SteelSafe.

Category: Featured, General Update, Management