Posted on 15 Dec 2010
Lexington Insurance Company, a Chartis company, announced on Tuesday 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