Best's Underwriting Report

Rental and Leasing Services - Equipment

Best's Underwriting reports describe the hazards and loss controls of nearly 600 businesses and municipal services. Each report includes a detailed description of the industry and identifies the hazards and loss controls for those companies. The Hazard Index of each report quantifies the degree of liability in applicable lines of insurance.

Report Date: 1/30/2023 1:11:17 PM
Report Type: Update
Report Description: The Equipment Rental and Leasing Services report helps readers assess the insurance needs of businesses that rent or lease products to customers for short-term use. General Liability: Premises and Operations, Products — Completed Operations, and Business Interruption are the lines of insurance coverage that will carry the highest degree of exposure. Special exposures include large numbers of visitors to the premises on a regular basis, the high cost of replacing equipment in the event of a loss, and the misuse of equipment by renters who might claim they were not adequately informed about its proper operation. Related reports include Banks — Commercial; Building Construction — General Contractors; Catering; Crane Services — Construction; Electronic Repair Services; Formal Wear Rental Stores; Lawn and Garden Equipment Dealers; and Public Warehouses.

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