Party Equipment, Rental Equipment Insurance and Loss

Rental equipment companies, ranging fromthe equipment is documented and registered.
scaffolding services to party goods and outlets,Take inventory of your items often, so you will
can experience significant loss as a result of theftnotice when a piece is missing or when something
and vandalism. National Equipment Register (NER)out of the ordinary happens.
estimates that over $1 billion a year in rental andYou must take the first step to verify a
party goods are stolen. Unfortunately, the rate ofcustomer's identity. Keep a copy of his or her
recovery for these items is usually low.driver's license, which will help you track the
By registering your equipment the Nationalcustomer down later and also give him or her
Equipment Register, you increase the chances ofsubtle notice that rented equipment is monitored.
having stolen items returned to you. ThisComparing the license with other forms of
database is also made available to lawidentification, like a credit card or car registration,
enforcement officials, so they can track andgives you further proof of identity. Some
retrieve your items. The Scaffold Industrycompanies even go as far as to ask for a thumb
Association (SIA) is a similar type of affiliation,print on the rental agreement. If your customer
which works to promote safety for rentalfails to return the item he or she rented, try not
companies who distribute scaffolding and aerialto jump to the conclusion that it has been stolen
platforms.with criminal intent. You are right to take action,
How can you protect your rentals? Insure andbut being negligent to return equipment on time
monitor themdoes not automatically mean theft. Make calls to
- Acquire proper insurance for your needsthe customer or go to the construction or
- Ask the police to drive by the premises duringentertainment site - the rental might still be there.
non-business hours.What do you do when equipment is stolen?
* Have the VIN number etched or stamped into*Use a prepared security plan with your staff.
the rental items in multiple places, especially hiddenDelegate tasks for each to complete in the event
places. Keep thorough records that include thethat rental goods are reported stolen.
VIN number, model number, year and*Call law enforcement officials as soon as you
manufacturer.notice an item has gone missing.
- Take photos of your items from multiple angles.*Call your insurance broker and notify him or her.
- Register your goods in a nationally recognized*Notify other local dealers in your industry.
database, like the National Equipment Register.Why is it so easy for construction, scaffolding,
Equipment theft on a job site can be deterred byand party equipment to get stolen? Because
security systems, fencing around the perimeteroften, there is very little security on sites - be
of the property, barriers, secured gates, andthey phased development sites, heavy
strong lighting. Having only one entrance to theconstruction projects, and so on, especially in the
rental yard will also help prevent theft. Make sureevenings. Low security means low risk, from the
to keep all site and building keys secured -- andperspective of a thief. Because stolen items are
do not use combination locks, because thoserarely recovered, take precautions by purchasing
numbers can be given to unauthorized people.rental equipment insurance through a trusted
Theft can also be prevented by posting warningbroker. This will save your time, your money, and
signs around the property notifying thieves thatyour sanity.