Expedite the funding process and close deals quicker.
With Specialty Equipment’s custom insurance programs, you can do just that. By offering these programs at the time of financing, you can help limit delays and close deals now.
Equipment Physical Damage Programs
Available for cash purchase, finance, and lease transactions, types of programs include:
- Point-of-Sale protection offered at finance origination.
- Rental Loss Damage Waiver provides coverage to equipment while out on rental.
- Accidental Damage from Handling, or “Drop Coverage,” helps mitigate the risks of accidental damage and liquid infiltration to medical devices.
- Machine Tool Operator Error insures physical damage to a machine tool resulting from an operator’s programming error.
Lessor’s Single Interest Liability
Optional single-interest liability coverage is also available to leasing companies to help protect them in the event they are named in a liability suit involving a lessee’s use of leased equipment.
Commercial Vehicle Program
Commercial Vehicle Property Insurance protects the insured against uninsured physical loss or damage to financed commercial-titled vehicles. The policy covers collision and comprehensive losses but does not provide liability coverage.
Ensuring proper insurance coverage is important to you and your customers. Our Insurance Concierge Team is only a phone call away to help navigate the insurance requirements of the finance transaction. This team of fully-licensed insurance agents is available to help you and your customers before, during, and after the deal.