Many agricultural businesses would be lost without their telehandler or telehandlers, so what would you if it was damaged, or stolen? Telehandlers are a key piece of plant for many businesses and like all key assets in business they should be insured. Telehandler insurance can be packaged in a number of ways. Lots of business owners like to get as much cover as possible for their key machinery, including telehandlers and it is possible to arrange a telehandler insurance policy which incorporates any driver cover, as well as protection against theft or accidental damage.
Hired Telehandler Insurance
Some businesses opt to hire their machinery simply for ease and to ensure they can regularly update the equipment when required. Many hire policies allowed you to swap older equipment for newer models which is less easy when you’ve purchased it outright. When you hire a telehandler the hire contract will include clauses which state how you must care for the equipment. You will be expected to keep it in good condition, working order and ensure it is safe. Some contracts may even state you must have telehandler insurance but most don’t. However, if you want to honour the agreements in your contract, hired telehandler insurance is recommended. Hired telehandler insurance will cover any compensation necessary should the machine be damaged or stolen. It will also cover any related legal fees and ensure you are protected financially should anything happen to the equipment.
Own Telehandler Insurance
When you purchase your own equipment, insurance can seem less important. This shouldn’t be the case. Although if something goes wrong you are not liable to any other company, you could see immediate negative business impact. Insuring your telehandler or telehandlers makes good business sense. The insurance will cover the equipment should it be damaged or stolen while in use. It will also cover the drivers you need it to as already mentioned, and there are a wide range of different elements of telehandler insurance you may want to look into more closely.
Just Quote Me specialise in working with businesses looking for specific types of insurance. We have experts in many different insurance fields and can help ensure you have a range of options and can compare quotes when organising your telehandler insurance.
Please get in touch with us today to discuss your business, your plant and machinery insurance requirement and specifically to discuss your telehandler insurance cover options.