Plant Hire Shop Insurance

Plant hire shops, tool hire counters and equipment rental depots usually need insurance arranged around hired-out equipment, customer collections, deliveries, hired-in plant, theft, damage, liability and hire contract requirements. Standard shop or business policies may not automatically cover equipment while it is on hire.

Plant hire shop insurance is arranged for equipment rental activity, including tools or machinery hired to customers and the liability or contract exposures that can follow. Equipment insurance for a contractor's own use may not deal with customer hire, deposits, late returns, non-return, sub-hire or loss of hire income.

Costs depend on hire fleet values, maximum single item values, hired-in plant exposure, premises and yard security, delivery and collection work, hire contracts, liability limits, staff numbers, claims history and the type of machinery or powered tools being hired.

Cover can be reviewed for portable tools, powered tools, generators, compressors, pumps, access equipment, mini diggers, dumpers, rollers, telehandlers, attachments and other construction or industrial machinery, subject to insurer terms and the way the equipment is hired.

Cover for customer damage, theft, non-return or misuse depends on the policy wording, hire agreement, customer checks, deposits, security terms, inspection records and how the loss happened. These details are important when arranging cover.

Public liability cover can respond to third-party injury or property damage allegations involving hired equipment, subject to the policy terms, exclusions and chosen limit. Many plant hire contracts specify minimum liability limits before equipment is allowed on site.