Theft of Heating Oil

The cost of heating oil has increased significantly recently, resulting in more thefts of oil from both domestic and commercial properties.

The first indication that a theft has taken place is often when the heating stops working. Usually, it’s assumed the boiler is at fault, but regrettably the problem is often that there’s no oil left. Thefts vary from small amounts being stolen to the whole tank being drained. The methods used by the thieves can be very crude, including drilling or punching holes in the side of the tank and then filling jerry cans.

What you can do to prevent losses?

Monitor the level of oil in your tank regularly.  

                         

Padlock the valve. This may not always be the correct
course of action, as thieves may smash the valve
completely, but it can deter a less determined thief.

Conceal the location of the tank by using hedging,
fencing or walling. 

Ensure any gates are locked at night, to make it more
difficult for a thief to escape with oil. 

Securely lock doors at all times if the tank is situated
within a building.

Install an alarm device which creates an alert if the oil
level suddenly drops or if the lock is attacked.

Consider installing security lighting to cover the tank,
if it is overlooked by nearby buildings.

Consider closed circuit television.

Ask nearby residents to be vigilant and report any
suspicious activity to the police.
 
Contact your Insurance Broker for further advice.

For further advice relating to this article or any other aspect of your business insurance requirements please contact David Wilson ACII on 07970 304169 or david@nevillejones.com for a free, no obligation consultation.