Willis Launches Equipment Rental Insurance Program

Portsmouth, N.H.-based Willis Programs of New Hampshire, Inc., a unit of insurance broker Willis Group, released Rent-itGuard, a customized insurance solution for rental yards and the equipment rental industry. The solution will meet insurance and risk management needs of businesses engaged in the rental of equipment, including light and heavy construction equipment, high reach devices such as aerial lift platforms and special event rentals.

The program provides comprehensive property/casualty, general liability, auto and specialty insurance coverage, including inland marine, crime and umbrella, to the rental industry. In addition to traditional theft coverage, Rent-itGuard offers extensions of theft coverage to include theft by fraud, deceit or conversion. The coverage is combined with a proactive approach to loss control and responsive customer service.

Rent-itGuard is provided by an AM Best, A (Excellent) XV rated carrier.

“Rent-itGuard is the result of focused research and development and offers a competitive alternative to rental industry insurance programs currently in place,” said Gerald Cecil, practice leader for Rent-itGuard. “The businesses in this sector vary widely, creating unique insurance coverage and customer service needs. We are thrilled to provide a new approach to serving the needs of the rental business marketplace.”