Prevention

Nothing can raise your insurance rates faster than a claim can. The best way to avoid claims is to Prevent them. The definition of Prevention is to anticipate and implies taking advance measures against something possible or probable.

Key suggestions:

1. Have all vehicles and equipment regularly inspected and maintained in accordance with manufacturers recommendations. (keep all records)
2. Have MVRs obtained on all employed drivers annually.
3. Keep all work areas clean and safe. Safety should always be job one.
4. Install burglar alarms, barbed wire fencing and adequate lighting to your property.
5. Request two forms of ID from your renters.
6. Have all renters sign a Rental Agreement.
7. Make sure your insurance is specifically designed for the equipment rental industry.

If you have other suggestions, please send them my way at matt.davis@hylant.com.