If the rental contract includes a rental equipment damage waiver, the loss or damage is covered by the waiver. If the contract does not include an LDW, the renting client will be responsible for the cost of the loss or damage.An LDW is a good protection, but it’s not insurance. Most...
Eqpme, an online heavy equipment rental marketplace, announced the beta launch of an equipment damage protection program in April 2022 that was offered as an option to rental customers and equipment owners using its platform. The insurance program is being underwritten by Great American Spirit Insu...
equipment. Some of them get rental insurance to cover the price of an emergency like theft. But even if a renter has insurance and files a claim, the settlement may not pan out as expected from the rental contract. Filing such a claim also has a good chance of raising future insurance ...
Under some rental contracts, the renters can provide their own insurance and name the rental agency as the payee for a specified amount on equipment. While this can be thought of as an exemption, it is simply a type of business umbrella policy that extends to leased or rented equipment under...
Rental Loss Damage Waiver provides coverage to equipment while out on rental. Repossession Coverage provides protection to the lessor during the repossession process. Commercial Vehicle Program Commercial Vehicle Property Insurance protects the insured against uninsured physical loss or damage to ...
💡 PRO TIP:If you want to open a temporary retail location like a pop-up shop or sell at an event, you don’t need to buy your hardware. Sign up forShopify’s Hardware Rental Programto start selling quickly, risk-free. Consider tax implications ...
Asia-Pacific dominates the farm equipment rental market due to the increasing demand for tractors and farming equipment such as harvesters, spraying, and threshing equipment for renting purposes. Small farmers in countries such as India need help to afford tractors. However, an Uber-like program is...
are extremely valuable. Not only is this equipment expensive, but you business simply cannot run without them. In order for these key assets to be protected in the event of damage or loss, construction equipment insurance is an essential part of any construction company’s insurance program. ...
Insurance premiums for Builder's Risk, Workers' Compensation and General Liability insurance Interest on the construction loan Realty taxes and other assessments Rental or lease expense of construction equipment Disclaimers Coverages referenced on this website may not be available in all territories and...
safety and cleaning protocols. Our proprietary software allows us to remove any recalled items immediately from the site to make sure we are only offering safe gear. Insurance is also included with every rental which is an important differentiator between BabyQuip and other baby gear rental ...