INCREASE PROFITABILITY WHILE REDUCING RISK
Rental Equipment Protection (REP) is physical damage coverage while your equipment is out on rent. REP not only covers your rental equipment, it also serves as a profit enhancer while adding value for your customer. REP protects your customers as much as it protects you and your assets. Coverage includes but is not limited to: damage and loss due to collision, earthquake, fire, flood, hail, overturns, theft, tornado, vandalism or wind.
WHAT CAN REP PROTECT?
Any rental equipment, except for those that are licensed for the road. From trenching boxes, to forklifts, to cranes, to excavators. And everything in between! (Not sure? Give us a call!)
HERE IS WHAT REP CAN DO FOR YOU:
• Increases your rental profit.
• Provides replacement cost.
• If you already self-insure, REP eliminates your risk, not your profit.
• Claims will not affect your business insurance premium.
• All-risk coverage reduces risk for your rental business better than named perils.
RATE RANGE: 4%-6%
The goal of REP is that it would increase profitability for your business, and one of the ways we help you reach this goal is by keeping our rates low. In fact, we challenge you to find a better rate for all-risk coverage.
- $1000 for equipment valued under $25,000
- $2500 for equipment valued over $25,000
We keep our deposits low, and they always count toward your coverage. We believe one of the best tools for helping you grow your business is by keeping your up-front costs low and this includes the deposit.
WAIVER OF SUBROGATION
With a waiver of subrogation, when there’s a loss, we are not going to try and recoup those funds from your customer. The benefits are twofold: claims are processed quickly and any claims will not impact your insurance premiums.