Program Target Description: Insurance program is designed exclusively for the equipment rental industry. Program Target: Target Risks: 735300 Heavy construction equipment rental; 735399 Heavy construction equipment rental, 735900 Equipment rental and leasing, 735901 Home cleaning and maintenance equipment rental services Your estimated annual cost: Please note: We have a $5 minimum premium. Our agents are “Non-Captive” which means that, unlike other agents who can only offer policies form one company, we can get you quotes and policies from multiple carriers and multiple insurance companies. Rent heavy equipment now. Who pays? Rental agencies already have insurance on their equipment as well as liability insurance. Driving your rental equipment to and from clients, you´ll need Commercial Auto insurance, which would cost up to $1900 annually. It’s actually quite simple. A contractors equipment insurance policy from The Hartford covers tools and equipment under its replacement cost coverage benefit. Rental Protection Plan. This insurance can also cover repairs for damages … This coverage follows the equipment when in transit. If you're using the equipment at home your homeowners policy will cover you but probably not the equipment itself. The Hartford offers a robust equipment insurance policy that includes coverage for a broad variety of equipment concerns. To calculate a rental, you would multiply the total cost of a piece of equipment x 5%/month x 13 x 80% to arrive at the estimated annual rental dollars a rental company wants to achieve. That doesn't get the customer off the hook though since the insurance carrier will try to recoup its costs from the rental customer if they can. These can include risks associated with adequate soil compaction and meeting proper grades for water runoff, as well as first-party property damage exposures to your heavy equipment. Whether you’re a landscaper with one bobcat, or a road construction company with a fleet of machines, you need to know that your equipment is protected against whatever comes your way. When we rent equipment we just have the rental yard insure it. Program Target Description: Insurance program is designed exclusively for the equipment rental industry. Rental equipment can potentially be very expensive to replace, especially in the case of heavy machinery and equipment like boats. EIS will calculate the rate for you when you enter the item into the system to purchase insurance. It will also help cover equipment that is both on business property and at a rental location. Scheduled equipment that is less than five years old at the time of loss is covered on a replacement cost basis with the option to purchase additional replacement cost valuation options. Whether renting heavy equipment for a commercial project or party equipment for a special event, rental equipment companies require you to purchase or show proof of insurance that protects them and their property. How Do We Provide the Best Heavy Equipment Insurance Prices? Rental Costs ¡ Equipment rental rates are obtained from the following industry sources throughout North America: contractors, suppliers, dealers, …