Each year, thefts of equipment on construction sites and farms cost U.S. businesses and individuals between $300 million and $1 billion, according to a report by The National Insurance Crime Bureau (NICB). Thefts vastly outnumber fires, vandalism, collisions and a variety of other accidents and incidents that threaten security on construction sites across the nation.

From valuable copper wire to expensive pieces of equipment, construction sites are packed with items that attract thieves. But traditional forms of security, such as having guards on-site, are costly and often ineffective at stopping thieves equipped with modern technologies.

Luckily, construction companies have a wide range of options when it comes to utilizing cutting-edge security to keep their investments safe.…