Equipment Rental Insurance

What Is Equipment Rental Insurance?

Equipment rental insurance is a type of inland marine coverage that helps protect equipment and other property held for rental or lease. This coverage is designed for movable and mobile property that may not be fully addressed by standard commercial property policies.

This type of insurance is commonly used for equipment that is:

Transported between locations
Temporarily stored off-premises
Used at jobsites or customer locations
Displayed at exhibitions, events or trade shows

What Does Equipment Rental Insurance Cover?

Equipment rental insurance may apply to a broad range of property, including:

Landscaping and agricultural equipment
Medical diagnostic and imaging equipment
Audio, visual, lighting and production equipment
Event, party and specialty rental items
Tools, accessories and high‑value equipment

Coverage may extend to owned equipment as well as certain property of others while in care, custody or control, subject to policy terms and conditions.

Equipment rental and sales insurance for midsize and large businesses from The Hartford offers coverage features designed to address the unique risks of rental operations, like:

Covered Property

Coverage may apply to many types of rental inventory, ranging from small tools and accessories to large machinery and specialized equipment.

Replacement Cost Coverage

Replacement cost coverage helps pay to repair or replace covered equipment without depreciation after a covered loss, helping reduce the financial impact on the business.

Property of Others in Care, Custody or Control

This coverage may apply to equipment owned by others while it is being repaired, serviced, maintained or otherwise handled by the insured.

Off-Premises and In-Transit Coverage

Equipment rental insurance is designed to help cover property not only at the business location, but also while it is being transported or used at a rental or jobsite.

Weather-Related Damage

Coverage may apply to certain weather-related losses, including damage caused by storms or other covered incidents.

Debris Removal and Cleanup

Following a covered loss, equipment rental insurance may help pay for debris removal and certain cleanup expenses.

Extra and Expediting Expense

Certain policies may help cover additional expenses incurred to expedite repair or replacement of specialized or difficult-to-replace equipment after a covered loss.

Businesses That Use Equipment Rental Insurance

Equipment rental inland marine insurance is commonly used by businesses that:

Rent or lease equipment to customers or other businesses
Own high-value or specialty rental inventory
Transport equipment between locations or jobsites
Store equipment at temporary or off‑site locations

Industries that frequently carry this coverage include healthcare and medical equipment providers and entertainment and event services.

Radiologist stands near a large medical scanner

Why Choose The Hartford?

With more than 200 years of experience, The Hartford offers equipment rental insurance backed by specialized underwriting and claims knowledge focused on equipment‑intensive operations.

Coverage advantages include:

Inland marine specialists experienced with equipment rental risks
Flexible coverage options for a wide range of equipment types
Replacement cost valuation for many classes of equipment
Claims support tailored to complex property losses

Additional business insurance solutions, such as general liability, commercial auto and property coverage, may also be available to support a broader risk management strategy.