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Author Topic: Insurance for leased equipment  (Read 412 times)

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Offline Coastal Gun

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Insurance for leased equipment
« on: December 01, 2021, 12:27:11 AM »
I am leasing a kiln from i dry.  Part of the lease is getting the kiln insured. I have one company working a quote but its only smart to get other quotes.  Does anyone know of an insurance carrier that will insure kilns?

Thanks.

Offline Ianab

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Re: Insurance for leased equipment
« Reply #1 on: December 01, 2021, 02:48:25 AM »
Got any local independent insurance brokers? They are usually the Go To for non-mainstream polices. 
Weekend warrior, Peterson JP test pilot, Dolmar 7900 and Stihl MS310 saws and  the usual collection of power tools :)

Offline ellmoe

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Re: Insurance for leased equipment
« Reply #2 on: December 01, 2021, 06:38:15 AM »
We used Auto-Owners , don't know if they are in your state.
Thirty plus years in the sawmill/millwork business. A sore back and arthritic fingers to prove it!

Offline metalspinner

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Re: Insurance for leased equipment
« Reply #3 on: December 01, 2021, 08:01:06 AM »
We started using an insurance broker for our personal insurance needs. Its their job to find and organize many the different insurance company options for us. They also review our needs each year and look for new options then give us suggestions. 

And if I have a question regarding a claim, I call the broker first. 

What turned us onto a broker Rather  than a captive agent?

Before we had a broker, We had our homeowners dropped because I called and asked a question about whether or not we should file a claim. Thats it. Just called and asked our local agent. 

I think a broker would be your best insurance friend you can have. 
I do what the little voices in my wife's head tell me to do.

Offline YellowHammer

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Re: Insurance for leased equipment
« Reply #4 on: December 01, 2021, 01:12:58 PM »
100% dead on - get an independent but still plugged in insurance broker.  

Business umbrella, personal umbrella, business liability, private vehicle, commercial vehicle, personal liability, end product user liability, mold liability, commercial fire, personal property fire, farm property, commercial equipment, farm equipment, etc.  Its too much for a single insurance company, and none of the ones on TV will touch half of these.  

Are you drying for business, does money exchange hands?  Then product liability umbrella would be important.  Also what about bugs, mold, allergies?  Been there done that.   Better have  those in your end product liability coverage.  What if you ruin someones else's load?  What if you ruin your own?  What about breakdown or lost time insurance?

Among others, I use Pennsylvania/Indiana Lumbermans Insurance for much of  the sawmill and business coverage.

  


YellowHammerisms:

Take steps to save steps.

If it wont roll, its not a log; its still a tree.  Sawmills cut logs, trees.

Kiln drying wood: When the cookies are burned, theyre burned, and you cant fix them.  So dont burn the cookies.

Sawing is fun for the first couple hundred boards.

Offline customsawyer

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Re: Insurance for leased equipment
« Reply #5 on: December 02, 2021, 06:59:58 AM »
I always said "if I fail at this sawing thing I'm going to sell insurance". As long as there are laws saying everyone has to buy my product than I should be okay. It's like passing a law that everyone has to have 500 2x6x16 on hand in case they need them. If they don't use them in a year they have to throw those away and buy 500 more. I think I could sell some 2x6x16 with a law like that in place.
Two LT70s, Nyle L200 kiln, 4 head planer, 30" double surface planer, Lucus dedicated slaber, Slabmizer, and enough rolling stock and chainsaws to keep it all running.
www.thecustomsawyer.com

Offline barbender

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Re: Insurance for leased equipment
« Reply #6 on: December 02, 2021, 09:13:15 AM »
Shoots, I'd go with Insurance by Jake!
Too many irons in the fire


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