Industrial Equipment Rental Insurance
Renting industrial equipment is a lucrative business. And whether you're just starting out with your first commercial contract, or you've grown substantially over the years, industrial equipment rental insurance is a key component to ensuring your success. The machines you rent out are large and heavy. Forklifts, cranes, backhoes. The size and specialty uses is what makes them lucrative, but it's also what puts your company at risk of claims for accidental damages, liability, personal injuries and more.
General Liability for Industrial Equipment Rental
General liability covers property damage or bodily injury caused by your business operations. If a rented boom lift tips over and damages a client’s warehouse, this coverage steps in.
Claim example: A contractor rents your scissor lift, and a malfunction causes it to scratch a client’s glass storefront. General liability pays for the repairs.
Business Owner's Policy (BOP) for Industrial Equipment Rental
A BOP bundles general liability with property coverage for your office, warehouse, or storage yard. It also protects your inventory from covered perils like fire or theft.
Claim example: A small fire in your storage area damages several excavators waiting for pickup. Your BOP covers repair costs and business interruption expenses.
Commercial Auto Insurance for Industrial Equipment Rental
If you deliver machinery to job sites, commercial auto insurance protects your trucks and drivers. It covers accidents, damage, and liability on the road.
Claim example: While transporting a backhoe to a client, your flatbed truck rear-ends another vehicle. This policy covers repairs and medical costs.
Excess Liability for Industrial Equipment Rental
Excess liability provides extra coverage when claims exceed your primary policy limits. It’s your backup plan for large lawsuits or costly accidents.
Claim example: A crane you rented malfunctions and causes $2 million in damages, but your general liability limit is $1 million. Excess liability covers the remaining $1 million.
Tools Coverage for Industrial Equipment Rental
This protects your smaller tools and portable gear against theft or accidental damage—whether in your shop, in transit, or at a client’s site.
Claim example: A set of expensive hydraulic jacks is stolen from a job site overnight. Tools coverage reimburses the replacement cost.
Workers Comp Insurance for Industrial Equipment Rental
Covers medical bills, rehab costs, and lost wages if your employee is injured on the job.
Claim example: A mechanic in your rental shop injures their hand while repairing a forklift. Workers comp pays medical expenses and partial wages during recovery.
Industrial Equipment Rental Safe Practices
- Inspect all machinery before and after rentals.
- Provide clear operating instructions to clients.
- Train employees on safe loading and transport methods.
- Secure all tools and equipment during transit.
- Maintain proper storage to prevent theft or damage.
Why Choose USA Insurance
Your business succeeds by knowing machines, and ours succeeds by knowing insurance. Especially the types of insurance you need for your equipment rental company. Our name is trusted for commercial insurance nationwide. We have a solid 99% customer satisfaction rate and unmatched expertise in the industrial equipment rental industry.
- Being licensed nationwide means we can give you policies fast.
- Our experience with your industry lets us custom tailor coverage for your company's specific needs.
- We offer affordable rates, and flexible payment options.
- You'll lock in savings against potential future increases using our proactive renewal process.
- When claims arise, we help handle them quickly so that you can continue with normal business operations.
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