Equipment rental companies are essential to Canada’s construction, industrial, and infrastructure sectors—providing everything from heavy machinery and forklifts to power tools and lifts. With high-value assets constantly on the move, specialized insurance coverage is critical.

Key Risks for Equipment Rental Companies

Rental operations face unique exposures, including:

• Damage to rented equipment on job sites
• Theft or vandalism of mobile assets
• Customer or third-party injuries during equipment use
• Mechanical breakdown from improper operation
• Weather-related losses at yards or sites

Even one major loss can significantly impact cash flow and fleet availability.

What Does Equipment Rental Insurance Cover?

Coverage is typically tailored and may include:

• Equipment floater coverage (on-site and in transit)
• Commercial general liability
• Tools and machinery insurance
• Business interruption coverage
• Property insurance for rental yards and warehouses

Why It’s Essential in Canada

Canada’s harsh weather, remote job sites, and high replacement costs increase exposure. Proper insurance protects revenue, supports contracts, and keeps operations running smoothly.

Equipment rental insurance keeps your fleet working—while your business stays protected.

Brokers can contact Total Risk Managers to discuss a risk.

This article is general information for insurance brokers. It is not advice, and it is not a quote or an offer of coverage. Policy wording decides what is covered. Coverage is arranged through a licensed insurance broker.