Furniture rental services are popular for furnishing your house, apartment, office, or other space. Especially if you’re on a budget or like to change up your space often, renting furniture is a great way to obtain the furniture you need when you need them. You could also rent specific pieces for home staging when you’re trying to sell your home. As a furniture rental service, commercial insurance is one of the most important considerations you should have. Purchasing comprehensive furniture rental service insurances will protect your business against the costly repercussions of liability claims and litigation.
With ALIGNED, you can find the right insurance for your furniture rental service business that’s tailored to your needs. We’ll help you mitigate the financial risks of your business so you can operate with confidence.
Why is Insurance for Furniture Rental Service Important?
When you lend your equipment to others, there are risks. You carry a variety of inventory that could get damaged or cause damage to one of your customers. Despite careful precautions, accidents can still happen that lead to financial loss for your business.
- Accidents can happen on the road while delivering the rented furniture to the customer or when picking it up from the customer.
- You cause property damage or bodily injury to a customer while delivering or picking up the rented furniture.
- Your warehouse or showroom is damaged in a flood or fire.
- The furniture you are renting to others is destroyed by a fire while in your customers home.
There are many other risks that could leave your furniture rental service business in trouble. That’s why it’s important to purchase a comprehensive ALIGNED insurance plan for your furniture rental service business.
What Does Insurance for Furniture Rental Service Include?
Commercial General Liability Insurance – Also called CGL insurance, provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations. For example, if a client is injured while on your premises, you are covered for lawsuits, losses, and medical expenses.
Commercial Property Insurance – You own a lot of inventory to operate your furniture rental service business. It’s important to ensure your showroom and assets are protected in the event of a fire, vandalism, flood, or another insured peril beyond your control that can leave your property damaged.
Commercial Auto Insurance – You’re often traveling between client locations and the warehouse and the risk of getting into an accident is always present. Commercial auto insurance covers third party liability, physical damage to your vehicle, medical, property damage, loss of income, disability benefits, and more if you are involved in a collision or accident. If you own a fleet, you should consider commercial Fleet Insurance instead.
Get ALIGNED with the Right Insurance Plan for Your Furniture Rental Service Business
ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Contact an ALIGNED commercial insurance specialist for a free quote, or use our free online tool.
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