Cheap premiums can be alluring but if something sounds too good to be true, it probably is for your insurance, warns Sharrocks.
As the cost of living crisis continues to bite, it’s more important than ever to have the right equipment hire insurance in place to protect your business.
At times of financial uncertainty, claims generally increase so making sure your hot tub hire, teepee, or wedding styling business has cover that’s fit for purpose can give added peace of mind.
Sharrocks has honed its expertise over many years, working to develop a bespoke policy that provides the right insurance solution for businesses hiring out equipment for events.
A key part of the cover Sharrocks recommends is that the public liability insurance extends to when your equipment is out on hire, even when unattended by the business owner or an employee.
Alan Doucy, Sharrocks’ Managing Director, said some alternative policies might seem appealing in terms of price, but don’t match the demands and needs of a business in the events industry.
“Think about it like this,” he said. “Imagine hiring out a hot tub or a sleepover teepee, tent or igloo and then having to stand there the entire time it’s in use. Don’t be that guy!
“With a Sharrocks’ policy, you have the confidence that your public liability remains in place whether you’re with your equipment or not, and that your equipment is also covered while it’s out on hire.
“Our policies are competitively priced, can be tailored to your specific business needs and offer the right cover for the events scene.”
Having a disclaimer or equipment hire agreement in place demonstrates good practice, but won’t protect a business facing a public liability claim.
Mr Doucy added: “If a third party says they or their property have been injured or damaged in relation to your business activities, you would still need to defend such a claim – without the correct public liability cover this could be very costly indeed.”
Sharrocks’ customers can select their public liability limit, from £1m to £10m, plus optional extras such as equipment cover on an all-risks basis whether the hire equipment is in storage, in transit or out on hire – even when unattended.
Employers’ Liability insurance, legal cover and Business Interruption can also be added.
Sharrocks offers flexible payment plans for policies via instalments over 10 months, following a deposit and the necessary credit checks.
Get an instant price indication for your event equipment hire business online here https://www.sharrockinsurance.co.uk/policies/event-equipment-hire-quotation/ or give our friendly experts a call on 01795 580800.