What Kind of Insurance Does an Equipment Rental Business Need?
- Nate Jones, CPCU, ARM, CLCS, AU
- 3 hours ago
- 2 min read
Running an equipment rental business comes with unique risks. From equipment damage to third-party liability, proper insurance coverage is essential for protecting your business, employees, and customers. This guide outlines the key insurance policies every equipment rental business should consider.
Purpose: Protects your business from claims involving:
Customer injuries on-site
Property damage caused by your operations
Legal defense costs in liability claims
Purpose: Protects your physical assets, including:
Buildings and storage facilities
Equipment inventory
Office furniture and technology
This coverage ensures you can recover quickly from fire, theft, or natural disasters.
Purpose: Required if your business owns or operates vehicles for:
Equipment delivery
Transportation of heavy machinery
Service or rental trucks
Purpose: Required in most states for employees. Covers:
Medical costs for on-the-job injuries
Lost wages
Legal defense for workplace-related claims
Purpose: Protects critical equipment from:
Mechanical failure
Electrical issues
Costly repairs or replacements
This coverage is especially important for high-value rental machinery.
Purpose: Provides additional liability coverage above standard general liability limits.
Protects against catastrophic claims
Ensures your business remains financially stable in worst-case scenarios
Why Partner with Wexford Insurance
Every equipment rental business is unique, with different fleet sizes, rental types, and operational risks. Working with Wexford Insurance ensures you have comprehensive coverage tailored to your specific needs, giving you peace of mind and the ability to grow your business confidently.
Final Thoughts
Protecting your equipment rental business with the right combination of insurance policies safeguards your investment, employees, and customers. From liability coverage to specialized equipment protection, having proper insurance allows you to focus on growing your business without unnecessary financial risk.
Contact us today.