Insurance for Other Rentals

This industry consists of establishments that lease, rent and sell different products and goods. Businesses include those involved in renting trucks, utility trailers, videotapes, recreational equipment, office machinery, lawn equipment, and clothing.

Rentals need insurance to protect their business from the many known and even unknown risks. The insurance will kick in when a covered risk occurs, for example, a lawsuit, in which case it will pay for the defense and court costs.

Rentals face a lot of unique risks. Below are some examples:

The property gets damaged by one of your renters. Your renter doesn't have the insurance needed to cover for the damage.

The commercial vehicle that your employee is driving gets involved in an accident in which it is later proven that it is the employee's fault. Your business then needs to pay for the damages and medical expenses the other party has incurred as a result.

An employee gets sick on-site due to extreme weather conditions. As their employer, you are responsible for the medical expenses of that employee.

Insurance companies' rates can vary significantly as every insurance company takes various factors into account. These include the coverage you need and how much you are willing to spend, the amount of the deductible, and the location. If you want to find out the cost of insurance for your business, simply apply online and your quote will be delivered to you in a snap.