Gazlights Posted August 26, 2008 Share Posted August 26, 2008 Morning folks, hows your day going? Just got of the phone to a generator hire company after getting a quote for the hire of 2 x 100kva generators and the lady on the phone asked if I realised that when you hire a generator you have to sort out your own insurance...similarly to the way that recieving houses have insurance that cover kit coming into the building.....interesting..needless to say I wasnt aware of this, I thought it may be insured by the hire companies already! Can anyone enlighten me more about these types of insurance? are there any specialist insurance companies for the industry? what insurance do you have at your venue? what are you insured for? thanks in advance.... anyone? Link to comment Share on other sites More sharing options...
Guest lightnix Posted August 26, 2008 Share Posted August 26, 2008 I'm not sure myself, but you might find a few clues here :) Link to comment Share on other sites More sharing options...
PoppaDom Posted August 26, 2008 Share Posted August 26, 2008 When I have hired in the past this has been the case. The insurance (as with most hire equipment including lighting and sound) lies with the hirer and not the supplier. Check the bottom of your delivery notes from the usual suppliers and it will tell you this.Insurance is expensive and suppliers pass the cost on. You always need to budget this into costings... Poppadom Link to comment Share on other sites More sharing options...
aidso Posted August 28, 2008 Share Posted August 28, 2008 Yes it is up to you as the person hiring the gear to insure it. Best bet is to contact you Public Liablity Insurance company and ask them if they can cover sub hired gear. Link to comment Share on other sites More sharing options...
lightsource Posted September 6, 2008 Share Posted September 6, 2008 Yes it is up to you as the person hiring the gear to insure it. Best bet is to contact you Public Liablity Insurance company and ask them if they can cover sub hired gear. Public liability is a very different type of insurance to equipment insurance. They mainly deal with people cover, rather than equipment, so I doubt they would be of any help whatsoever. As a hire company, I looked into this subject a couple of years ago, as I dry hire gear out to 'strangers' I never found any Insurance company able to offer a suitable package. So in reality, it's not the hire companies passing the buck to the customer, it's more the fact that there's no insurance policy out there to cover us, so we have to pass it on to the customer. If someone knows any different, I would love to be enlightened Link to comment Share on other sites More sharing options...
dbuckley Posted September 6, 2008 Share Posted September 6, 2008 A drama club of which I am a member gets our insurance through a broker, it covers for our clubhouse, our stuff, and a sort of public liability, and we asked for (and got) cover for equipment on hire. Link to comment Share on other sites More sharing options...
lightsource Posted September 7, 2008 Share Posted September 7, 2008 But working in England. wouldn't be suitable would it Dave? Link to comment Share on other sites More sharing options...
dbuckley Posted September 7, 2008 Share Posted September 7, 2008 This is why I didn't mention the name of the insurer, as it would be a tad pointless. However, that's not to say you couldn't ask your insurer in the UK to do the same thing...? Link to comment Share on other sites More sharing options...
Pete McCrea Posted September 7, 2008 Share Posted September 7, 2008 Our Broker provides our PLI and equipment insurance, so as Dave says if the OP has a PLI policy first port of call should be them as there's already a relationship there. As a hire co we've been told that to charge a client for insurance we would need to be registered with the FSA as I believe all insurance resellers have to. How this works for those hire co's that have a line charge for 'insurance' on their invoices I don't know! Link to comment Share on other sites More sharing options...
lightsource Posted September 8, 2008 Share Posted September 8, 2008 As a hire co we've been told that to charge a client for insurance we would need to be registered with the FSA as I believe all insurance resellers have to. How this works for those hire co's that have a line charge for 'insurance' on their invoices I don't know! It's an interesting subject with no easy work around. I would imagine any hire company clearly charging insurance on their dry hires are breaking laws, unless, as Pete correctly mentions, is registered with the FSA. As a hire company that does dry hire, I work out the hire fee, then keep a percentage of that income in a seperate account, so we're not charging insurance, just tapping off some of the income, incase of emergencies. Would be interesting to hear (or read ) how the OP got sorted in the end, as Generators are something I'll need in the not too distant future. Also, did you ask the genny hire company if they could recommend an insurer, as surely they'll be asked this on a daily basis. Link to comment Share on other sites More sharing options...
morepowerigor Posted September 10, 2008 Share Posted September 10, 2008 I regulary hire gennies, forks, scissor lift, heater and other plant. I have a £50K extension on my PL insurace to cover hired in plant. Very easy to sort, just speak to your broker, will be sorted in less than a day. It is also worth remembering that your client should have similar, as if stolen, from their site you would look to cliam from them direct. Link to comment Share on other sites More sharing options...
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