Given the spiralling cost of fuel over the last few weeks and months it is worth noting that there could be a surge in diesel and heating oil theft.
In addition to the loss of the fuel itself, there are a number of other factors to consider including theft damage to fencing, gates, the fuel tank and associated pipework along with malicious damage to buildings and/or stock/materials in the yard and, possibly more devastating, a pollution incident
The potential for a pollution incident is a very real threat. Quite often when fuel is stolen the tank or filling mechanism will be damaged and once the thieves have filled their vehicles/containers they will leave the valves open or maliciously damage the tank and bunding. The inevitable result is residual fuel spilling from the tank and either damaging or overwhelming any bunding or interceptors or, more importantly, damaging the environment which could lead to expensive investigations and fines.
There are various measures you can take to protect the fuel tanks both in the short and long term, including;
It would also be beneficial to advise drivers to be aware of heightened syphoning risk and ensure that they use secure parking areas when staying overnight.
Given the potential, you should review your cover and sums insured to ensure these are adequate and appropriate in terms of the loss of fuel and associated damage and clean-up costs in the event of an unexpected incident.
For more information please contact HAE Insurance Services on 0330 018 2299 or email firstname.lastname@example.org.