Insurance for Equipment Rentals

Get business insurance with optimized coverage to meet your exact needs

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Benefits of Insurance for Equipment Rental Businesses

  • Protect your tools, equipment, and machinery

  • Protect yourself against claims of defects in your equipment

  • Affordable equipment rental insurance with no shortcuts

  • Get insurance for risks facing equipment rental companies

Coverage Plans for All Your Needs


Essential coverages to meet client demands

General Liability (GL)

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  • Coverage against claims from bodily injury, property damage and personal injury
  • Coverage for products/completed operations


When you also have equipment or operate from an office

General Liability + Property (bundle them with a BOP)

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All Basic plan benefits and:

  • Bodily injury
  • Damage to third party property
  • Business personal property
  • Personal injury
  • Lost business income
  • Equipment breakdown


Get protected against employment-related issues

Business Owners Policy (BOP) + Workers Compensation*

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All Standard plan benefits and:

  • Coverage for work-related accidents and disease and subsequent:
    • Ongoing medical care (such as rehab)
    • Missed wages during recovery

*plus Workers Compensation


When you have specific requirements

Including Commercial Auto, Cyber Liability, etc.

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We will take care of the switching hassle.

Call us at (646) 844-9933 for help and more information

What Insurance do Equipment Rental Companies Need?

These policies provide coverage for the most frequent risks faced by equipment rental companies:

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Frequently Asked Questions

Do I need equipment rental insurance during a crisis?

During times of financial hardships, many small business owners look for ways to cut costs. One way to do this is by renting, instead of buying, business equipment. Therefore, you might see an increased demand for your business but this also increases your liability. Equipment Rental insurance will protect you and your business against claims associated with injuries or damages from your equipment. It's important to make sure you're covered with the right policy, especially during a crisis, check with a CoverWallet advisor for more information.

What are risks equipment rentals could face?

Equipment rentals are at risk with slips, falls, auto collisions while transporting the equipment, property damage or theft. The list is exhaustive but these instances could cause a huge dent in your financial resources from medical bills, repair or replacement of the equipment and lawsuits. Your equipment rental insurance will make sure these risks are mitigated.

How can I reduce my equipment rental risks?

Make sure to have the right equipment rental insurance that covers all instances. General Liability insurance will protect your equipment rental business from slip and fall claims and other liability risks. Commercial Auto insurance will cover your vehicles in case of an accident. Inland Marine will cover rental equipment that is in transit. These are just some of the needed insurances that can help reduce equipment rental risks.

Do I need Workers Compensation for my equipment rental business?

Yes. Workers' Compensation is mandatory in most states. If you meet the state-mandated minimum number of employees then you'll need a Workers' Compensation for your equipment rental business.

How much does equipment rental insurance cost?

The price varies based on the type of insurance needed to protect your business. General Liability is essential and could cost around $400-$500 annually. To protect the liability risks Professional Liability insurance is required, which could cost up to $3000 per year. Driving your rental equipment to and from clients, you´ll need Commercial Auto insurance, which would cost up to $1900 annually.

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