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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