Equipment Rental Insurance Program
Program Target Description:?Insurance program is designed exclusively for the equipment rental industry.?
- 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
- 735999 Equipment rental and leasing,?
- 735906 Party supplies and rental services
- 735909 Musical instrument and rental services?
- Ineligible Risks:
- Rent to own centers
- Equipment rental with operators?
- Crane rentals with or without operator?
- Any installation, erection or contracting operations?
- Any watercraft, aircraft or medical equipment rental?
- Nationwide except WV.?
- Program Administrator has exclusive distribution in AZ and CA?
Why work with our program administrator:
- Longevity & Experience: Several years of underwriting experience
- Custom Products: Products specifically designed for the equipment rental industry?
Coverages & Limits Available:
- Property - $5M Subject Amount
- General Liability - $1M per occurrence / $2M aggregate
- Inland Marine – up to $10M limit
- Crime - $100k limit
- Auto - $1M combined single limit
- Umbrella – up to $5M limit
- Workers’ Compensation (provided through another carrier)?
- Program Supplemental Application
- ACORD forms completed for all coverage requested
- 5 years currently valued loss runs (current year; plus prior four years) including a description of any incurred claim over $10,000
- If multiple buildings, please provide distance between buildings via diagram or a satellite photo
- Complete copies of Customer Rental Agreement(s)
Current appointment with the program administrator or, if not, complete the following items:
- Broker Agreement
- IRS W-9
- Copy of E&O Certificate or Declaration Page
- Copy of the agency’s license per location
- Agency Profile Document
- If multiple locations, include a list and confirm ALL locations are covered under the operation’s Errors and Omissions policy?