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Equipment Rental and Party Supply Rental Stores Program

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Equipment Rental Insurance Program

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
    • 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 
  • Geographic:
    • 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) 

Submission Requirements: 

  • 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)

Broker Requirements:
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