|Lexington Insurance Company Joins Forces with National Equipment Register to Fight Equipment Theft|
New York – December 14, 2010 – Lexington Insurance Company, a Chartis company, today announced an agreement with National Equipment Register (NER), which will help Lexington’s contractor equipment policyholders protect their construction equipment from theft by registering their machines on NER’s HELPtech® database and providing them with HELPtech theft deterrence decals.
Through this business relationship, NER will provide a 20 percent discount to Lexington’s insureds when they register their equipment on NER’s HELPtech database. Additionally, for policyholders who elect the Waiver of Theft Deductible and Theft Reward endorsement, Lexington will waive its theft deductibles up to $10,000 per occurrence if an insured’s equipment is registered prior to a theft and not recovered within 30 days of it being reported.
Edward Fox, Inland Marine Product Line Manager at Lexington, said, “Lexington continually strives to provide policyholders with innovative solutions to their coverage and risk management needs. We very much look forward to our relationship with NER. By registering their equipment with HELPtech, our insureds are assisting with the protection of their own investments.”
“We are happy to work with Lexington’s insureds to help protect their valuable assets,” said Stacy Kaufman, Marketing and Sales Director at National Equipment Register. “NER’s HELPtech registration is an inexpensive — but very important — layer of equipment protection.”
For more information regarding Lexington’s business agreement with NER or the Waiver of Theft Deductible and Theft Reward endorsement, please contact Edward Fox at 617-235-8970 or firstname.lastname@example.org, or visit www.lexingtoninsurance.com.
Chartis is a world leading property-casualty and general insurance organization serving more than 70 million clients around the world. With one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.
Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.chartisinsurance.com. All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.
The National Equipment Register (NER), a division of Verisk’s ISO Crime Analytics unit, helps equipment owners manage equipment risks. Since 2001, NER has helped thousands of equipment owners and their insurers deter theft and has enabled law enforcement to recover millions of dollars of stolen equipment through HELPtech®, a national equipment marking and registration program. In 2009, NER launched IRONcheck®, a machine-history search for used-equipment buyers. NER’s data management skills and equipment expertise are also used by fleets to support compliance with new regulations. For more information, contact NER at 201-469-2030 or at email@example.com. You can visit the NER website at www.nerusa.com.