Why do Leisure Equipment Hire business owners need insurance?
As a Leisure Equipment Hire owner, you put a smile on your customers’ faces, young and old, as they excitedly hire new equipment for their next adventure. From hiring bikes to kayaks and everything in between, you help your customers make memories with their loved ones. But hiring leisure equipment comes with a level of risk.
Sometimes accidents can happen, whether your customers get hurt or your equipment gets damaged and you’re unable to hire it out again until it gets fixed or replaced. Insurance arranged by Aon can help manage these risks so that you can get on with running your business and helping your customers fill their social media profiles with fun times.
Why choose Aon for insurance?
When it comes to insurance for Adventure Sports & Activities businesses, there are a few options available to you, and deciding which ones you need might not be easy. Aon is committed to making life easier for you by arranging insurance that’s easy to understand, buy and manage. Our team of friendly, experienced brokers are a phone call away to help you understand what insurances you may or may not need, but more importantly, why; helping give you confidence that you’re making a better decision for you and your business.
Public Liability Insurance helps protect your business against liability for third-party personal injury or property damage arising out of your business activities. For example, if a client or visitor was to slip and fall while on your business premises, you would look to this policy to cover the claim.
While these events may seem rare, if they do occur, the financial impacts can be very significant. As a Leisure equipment business hire owner your profession involves significant interaction with clients, therefore Public Liability is a crucial cover to hold for your business.1
A key part of this policy is Business Interruption, which can provide protection for lost revenue in the event your business is unable to operate as usual due to an insured peril.
Business Insurance is made up of a number of cover sections, and you can choose the sections that relate to your business. Cover is also available for damage to money (if you keep cash on premises), portable contents such as mobile phones and laptops, and Public Liability.
As a Leisure equipment hire business owner, you may store valuable client data (such as personal details, bank account details and ID documents such as passports and drivers’ licences). When this type of personal information is kept digitally in your care, custody or control, it is important to consider the risks of data and security breaches. Cyber insurance may be worth considering when protecting your business against these risks.1
Cyber insurance has now become one of the essential products a business in the leisure industry should consider.
Management Liability insurance can also help cover Employment Practices claims made against you by current or former Employees.1
Product liability insurance is typically included as part of a public liability insurance policy.
Product liability insurance helps protect your business against financial liability for third party injury or damage caused by products sold or supplied through your business.
Public and Products Liability policies can cover legal defence and court costs, assisting your business with the financial setbacks of defending a claim.1
Leisure Equipment Hire Insurance benefits through Aon
Public and Product Liability
We offer a few levels of cover, from $10m to $50m for when third parties suffer an injury or property damage as a result of your business’s activities. We can help you arrange insurance cover for you and your employees with the following covers in the event of a relevant claim:
- Full participation cover included
- Third party property owners included
- Member to member included.
Building, contents, plant and equipment
The Aon Leisure team can assist you in protecting your business’s assets, from the building used to store equipment, right down to your surfboards, bicycles and everything in between. Our property policy can provide cover to protect against damage to the equipment, theft and fire.
Fidelity cover – We can also provide cover to protect financial loss as a result of any employee act or acts of fraud or dishonesty.
General property – Cover for fire, perils, theft, malicious damage, flood and unspecified damage to your advised items anywhere in Australia.
Should your business circumstances change, for example you have moved into new premises or you have changed the services that you offer and you are not sure if your existing insurance covers it anymore then you can always call one of our experienced friendly brokers to discuss on 1800 810 282.
Our range of tailored insurances are applicable for any business dealing with leisure equipment hire including, but not limited to, the below:
- Paddle Boards
- Tents & Camping Equipment (excluding Caravans, Campers, Motorhomes & Trailers)
How do I renew my policy?
Aon’s Leisure team will be in touch approximately 30 days before your renewal date to discuss your ongoing needs and any changes to your business. Upon confirmation of these details and requirements, we will work on your renewal and send through the renewal offer. It is important at this stage to review the details of our offer carefully (remember pricing and coverage levels may have changed so it is important to review). If you are happy with the offer and wish to accept, it is important that you pay for your renewal by the date specified on the tax invoice.
Thank you for looking into renewing your policy through Aon. It is greatly valued that you are pleased with the level of service and coverage you receive.
What should I do if I have not received my certificate of currency or renewal offer/documents?
Please accept our apologies. At Aon we strive to deliver best in class service, so we are sorry to hear you have not received your documents. Please contact us on 1800 810 282 or firstname.lastname@example.org and we will look to send your documents as soon as possible.
What are your opening hours?
Our opening hours are 8.30am to 5.00pm Monday to Friday (AET, except public holidays). If you need to contact us out of hours you can email us at email@example.com and we will pick up your query on the next business day.
Can I pay for my policy monthly?
Yes you can, monthly payments can be arranged through a premium funding agreement with Hunter Premium Funding3 to help you spread the costs of your insurance across the year. Please note that the total overall cost is higher if you pay monthly. Contact us on 1800 810 282 or by email on firstname.lastname@example.org
2We will process your certificate of currency request instantly but, depending on your internet speed and email server, it could take a few minutes to get to your inbox.
3Hunter Premium Funding is a third party independent of Aon, however Aon will receive a commission if you pay for your policy through a premium funding agreement with them.