insurance company for tools and chipper? also insures for hiring chipper out

[richy_B]

you mentioned hiring a chipper out, is that insurance for those using the chipper or for the chipper itself? just asking because I went to a hire store (notorious awkward firm) and they refused to hire me a chipper until I provided proof of insurance against theft etc. I thought the hire firm covered that?

There is going to be a big difference in 'hired in' and 'hired out' plant insurance. We had hired in plant which have us upto £100k cover for machine we hired and associated costs (whilst the supplier sources a new one / loss of revenue). Annual policy and I think gave us up to 30 days hiring a year.

 

If you are hiring out you're own machinery then it's going to be a tailor made policy so you need a broker. I'd expect it would he expensive as the risk is high.

 

No disrespect to yourself but if I was hiring out a £25k machine I absolutely be asking for proof of insurance as well as a passport and credit card details.

 

[flatyre]

can you get specific insurance for a chipper? this firm wanted a separate policy for their machine, but wouldn't give out details like value, age, service history etc. which I thought you would need for such a policy.

[richy_B]

can you get specific insurance for a chipper? this firm wanted a separate policy for their machine, but wouldn't give out details like value, age, service history etc. which I thought you would need for such a policy.

Sounds like standard hired in plant insurance. You protect them comprehensively against loss (fire, theft, damage in transit etc) and hire costs/loss of revenue until the machine is replaced.