Rental Liability Protection (RLP)
The New Way To Rent
Rental Liability Protection (RLP) is the newest way for equipment dealers to rent more and rent better. RLP allows dealers to rent to customers without liability insurance. For a small fee, renters can purchase RLP from their dealer and have a $1,000,000 liability protection policy.
- Third-party property damage coverage
- Third-party bodily injury coverage
How RLP Takes Rental Protection to the Next Level
Rental Liability Protection (RLP) sets our dealers’ companies apart from their competitors. Now, our dealers can rent to anyone, even if they do not have or cannot obtain liability coverage. RLP is an exclusive offering that is only available to our clients who use our physical damage waiver program, REP.
Increased Protection
RLP combined with REP means that our clients are protected on both the physical damage and liability fronts. REP protects their equipment, while RLP helps limit their liability exposure.
Increased Revenue
Historically, dealers would be forced to turn away potential customers due to their lack of insurance. Now, our partners don't have to lose rental revenue because of an insurance issue.
Increased Market Share
RLP differentiate our dealers from the services their competitors offer. This program attracts a previously untapped market, resulting in a broader client base and an increased market share.
1. How to get started.
Getting started with RLP is a simple process.
- Sign the subscription agreement.
- Pay a small deposit.*This will become a credit on the dealer’s account until funds are exhausted.
- Modify the rental contract to add RLP verbiage.
2. How to charge.
The dealer can require RLP to be attached to the rental contract, or the renter can choose to add it. It’s up to the dealer. Once they sign the contract with RLP added, the coverage will begin as soon as the equipment is on their job site.
Since coverage has already been bound between JT Bates Group and the dealer, coverage does not need to be bound for each specific renter.
3. How to report.
The dealer emails us a monthly report from the ERP system showing all the rental contracts that contained RLP.
*We help each dealer build this report.
Once we receive this report, our accounting department sends a monthly invoice that reflects the agreed-upon rates.
Don't take the risk. Use RLP.
With RLP, you can rent confidently to anyone, even if they do not have or cannot obtain liability coverage.
Click below to get started!