HireSecure
The Short Term Hired Insurance and Damage & Loss Waiver option, is the product you buy to protect yourselves for losses you incur from equipment hired out.
HireSecure will:
The basis of this new arrangement is in two parts:
A new insurance product, HireSecure, that protects the member business from loss or damage resulting from any short-termed hire.
The addition of a simple loss or damage waiver to the standard HAE Terms and Conditions of Hire.
What does HireSecure cover?
Whilst there will be exclusions, these will be replicated to your customer within the suggested Waiver wording.
What is a Loss & Damage Waiver?
When your customer arranges a hire, they have the option of taking standard hire conditions or selecting a Loss & Damage Waiver (subject to an additional cost).
By selecting the Waiver, the customer agrees to an alteration to the Terms & Conditions of Hire, which effectively removes most of the terms through which you would pursue them for recovery, following loss or damage to the equipment that you have hired to them.
This is not an insurance product that the customer purchases but is a contractual arrangement which removes their responsibility in the event of loss or damage to the hired equipment.