Equipment and party rental businesses can face a broad range of risks, from property damage to employee injuries, to accidents related to transporting equipment and party supplies. Even so, risk managers working with these firms can rest assured that The Hartford is here to help businesses reduce risk and prevail through crises and unexpected events.
Recommended Coverage for Equipment & Party Rental Businesses
Our Lead Line General Liability Insurance helps protect the assets of an equipment or party company In the event of a claim or lawsuit for negligence, personal injury, libel, slander, errors, omissions, false advertising, and more. The Hartford offers some of the broadest, most flexible coverage options available for equipment and party rental businesses, including for injury, property damage, and contractual liability.
Inland Marine is a specialized type of insurance policy sometimes referred to as a “floater” because it typically covers property not covered by other policies. The Hartford’s marine underwriting specialists have the tools and knowledge to help businesses customize coverage for most party and equipment rental companies.
For growing businesses, this policy can even cover newly acquired rental equipment purchased after the policy was purchased.
This also covers property that the business rents from others (especially convenient for those times when the property owner’s contract says rentals must be insured).
Helps protect the property a party or equipment rental business owns and leases, including things like computers, equipment, inventory, and furniture. Employee theft and damage to employee tools can be covered under this policy as well. Plus equipment and party rental businesses can tailor coverage to fit their unique needs.
Helps cover the vehicles that an equipment or party rental business owns, leases, rents or borrows – on the road and off. At no additional cost, commercial auto insurance helps cover electronic equipment in vehicles, along with lease and loan gaps. The Hartford provides a wide range of specialized services designed to help businesses improve their drivers’ safety.
The Hartford is a leading provider of Workers’ Compensation Insurance. XactPAY® offers pay-as-you-go workers’ compensation premium payments based on actual monthly payroll figures to help better manage cash flow fluctuations and minimize audit adjustments. Best of all, this is offered at no extra cost.
Helps protect against management liability risks faced by equipment and party rental businesses and their leaders. Our offering includes:
Directors, Officers and Entity Liability Coverage (D&O) – helps protect equipment and party rental businesses, their directors, officers and management team against loss that arises out of the day-to-day operations and management of the company.
Employment Practices Liability Coverage (EPL) – helps protect equipment and party rental businesses from damages and defense costs that arise out of employment-related disputes, including but not limited to alleged discrimination, sexual harassment, violation of the Family and Medical Leave Act, refusal to hire and wrongful termination or discipline.
Fiduciary Coverage – helps cover employee claims related to the design, administration and maintenance of company-sponsored retirement, health, and other employee benefit plans.
Crime Coverage – helps protect equipment and party rental businesses against loss from employee theft, computer fraud and other similar crimes.
Kidnap/Ransom & Extortion Coverage (K&R) – helps protect against financial losses due to kidnap and ransom/extortion, both in the U.S. and abroad.
A lot of the work done by equipment and party rental businesses takes place online. Our end-to-end cyber security solutions help to protect equipment and party rental businesses from a broad range of potentially severe third-party liability and first party risks associated with data privacy and network security breaches, including hacking, malicious software, activities of rogue employees, hardware theft, employee error and more.
Also helps to cover costs associated with the loss or theft of personally identifiable employee or client data including notifying victims, lawsuits, and public relations costs.
Rental firms that ship or sell products outside the U.S. face distinct risks. The Hartford offers coverage for firms that conduct business overseas but have no permanent employees or locations there. Coverage includes:
General liability coverage for bodily injury and property damage, advertising errors, and medical payment claims that happen outside the U.S.
Property coverage for office equipment and other business property lost or damaged while travelling outside the U.S.
Contingent Hired and Non-Owned Auto liability and Hired Auto physical damage coverage can help pay the losses on rental car accidents that happen outside the U.S.
Employers’ responsibility coverage for employees who get injured or contract a disease while conducting business overseas.
Business Travel Accident and Kidnap Ransom and Extortion coverages support employee and others for safety and well-being while abroad.
24/7 travel support services including emergency medical evacuation, personal services, access to local attorneys, and more.
The Hartford’s innovative Risk Engineering team strives to help equipment and party rental companies run safer and ultimately more profitable businesses with loss control services that include risk exposure evaluations, consultations, and recommendations for improving businesses’ safety and security.
The coverages and services described herein are summaries only. All policies should be read carefully to determine exclusions, limitations and other terms and conditions. In the event of a conflict, the terms and conditions of the policy will govern. All coverages and services may not be available for all businesses or in all states. Please contact your agent or broker for details.
Coverage is underwritten by Hartford Fire Insurance Co. and its property and casualty insurance affiliates (CA lic #8701). In TX, this insurance is written by Sentinel Insurance Company, Ltd., Hartford Casualty Insurance Company, Hartford Lloyd’s Insurance Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Hartford Accident and Indemnity Company and Hartford Fire Insurance Company. In WA, this insurance is written by Hartford Fire Insurance Company, Hartford Casualty Insurance Company, Hartford Accident and Indemnity Company, Hartford Underwriters Insurance Company, Twin City Fire Insurance Company, Sentinel Insurance Company, Ltd. and Hartford Insurance Company of the Midwest.