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The Best Value in Construction Equipment Rental Insurance

The Most Trusted Construction Equipment Rental Insurance Coverage in the United States

JT Bates Insurance Group provides our construction equipment rental customers with the most extensive coverage in the industry. From backhoes, cranes, excavators and more, our superior risk management products protect your equipment and help your dealership reduce risk while increasing profits.

Our suite of products covers all of your needs. Rental Equipment ProtectionTM (REP) offers all-risk coverage to your heavy equipment while it is out on rent. Physical Damage ProtectionTM (PDP) offers the same great physical damage protection but for equipment on long-term lease or that is financed for purchase. Both REP and PDP enhance your existing rental program by reducing risk for both dealers and customers and offering benefits unmatched by other risk management products. For those customers presenting certificates of insurance, StraightDocsTM Compliance Services handles full service certificate tracking and management. Not only does it provide a paperless archiving system for all of your permits, tax forms and certificates, JT Bates Insurance Group will personally contact construction equipment rental insurance providers on your behalf to validate certificates prior to an accident.

Your rental associates can offer REP and PDP to customers with confidence, knowing they are the best value in equipment coverage on the market. Learn more by requesting a quote from us!

Frequently Asked Qustions

Protecting rental equipment while it is out of the care, custody and control of the equipment dealer is a critical component of risk management and has direct impact on profitability for every dealer. While many damage waivers are quite limited in coverage, REP from JT Bates Insurance Group provides all-risk protection with great limits and low rates. It was designed to be a profit-driving program for rental dealers and a value-added program for rental customers.

In the equipment industry, the risk of loss is very high and is not a question of if but when. Just one catastrophic loss can make a huge dent in the profitability of a rental business. REP and PDP from JT Bates Insurance Group mitigate that risk by improving profitability with every sale without increasing the exposure to risk.

Business insurance premiums are negatively impacted when losses are filed through the carrier. REP and PDP from JT Bates Insurance Group are separate policies that do not impact business policy premiums, so a loss (even catastrophic) will not have a negative impact on business premiums. The risk is transferred to a secondary policy, losses are processed in a timely and convenient fashion, and the business is more profitable.

Additionally, if a rental company is collecting a fee for a self-funded insurance program and then filing losses with its business insurance carrier, thereby deferring the risk to the insurance company, the business insurance coverage may be subject to cancellation or non-renewal. Check with the business insurance carrier for guidelines.

It saves money for the rental customer. Although a rental customer may be protected by a business insurance policy, the customer is at risk of cancellation or at least increased premiums in the event of a major loss. With REP, a loss will not affect the customer’s insurance and will enhance protection by providing all risk coverage rather than just named perils.

Additionally, REP pays replacement cost, which is better than actual cash value. This alone may save the customer thousands of dollars. Further, with REP the rental customer only pays a premium for the time the equipment is on rent as opposed to an entire year as most policies require. Finally, with REP, the deductibles or customer contributions are much lower than the standard $5,000 deductible required by most insurance companies.

Certificates of insurance are an effective way to manage risk, provided the certificates are managed appropriately. JT Bates Insurance Group can also help with certificate tracking, powered by StraightDocs. We assign a certificate manager to each account who researches every certificate and makes the calls to the insurance company on behalf of our clients. Our goal is to ensure that our clients’ businesses are adequately protected in the event of a loss, their rental customers can get back to work quickly and efficiently, and we make this process pain-free for the clients we serve.

As a company, we are committed to world-class customer service with integrity. We are passionate about being an agent of positive change for businesses around the country.

Jayme Bates, CEO

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