Getting Insurance

Getting Insurance

Get a Short-Term Insurance Binder for Your Rental

Fast step-by-step guide for contractors and homeowners renting from U-Dig It Rentals Inc. “Insurance requirements are summarized here and detailed in the Equipment-Specific Rider (Schedule A) on our Terms & Conditions.” Equipment-Specific Rider

Why you might need this

For higher-value or higher-risk rentals (like our skid steer), we require proof of insurance before release. If you don’t already have a business policy, you can usually get a same-day short-term binder from a broker.

Coverage you’ll be asked for

  • Commercial General Liability (CGL): $2,000,000 per occurrence, naming U-Dig It Rentals Inc. as Additional Insured on a primary & non-contributory basis with Waiver of Subrogation in its favour.”
  • Rented/Leased Equipment (Contractor’s Equipment/Floaterswith Waiver of Subrogation in its favour.”): limit at least the machine’s replacement value (e.g., $120,000 for our skid steer), naming U-Dig It Rentals Inc. as Loss Payee.
  • Auto Liability: if you tow/transport the unit, minimum $1,000,000.
  • Workers’ Compensation: if you have employees.

Tip: A short-term binder can provide these limits for the rental dates if you don’t already carry them.

What to tell your broker

  • Your rental dates and location/jobsite.
  • Equipment and value (e.g., “Skid steer, replacement value $120,000”).
  • The exact wording above for Additional Insured and Loss Payee.
  • Whether you’ll be towing/transporting the unit.
  • Where to send the COI: nickbaxter@udigit.ca

Copy-and-send email to your broker

Subject: Short-Term Binder & COI for U-Dig It Rentals Inc.

Hi [Broker Name],

I’m renting equipment from U-Dig It Rentals Inc. Please issue a Certificate of Insurance and (if needed) a short-term binder for the rental dates [start–end] with:
• CGL: $2,000,000 per occurrence, U-Dig It Rentals Inc. as Additional Insured (primary & non-contributory) with Waiver of Subrogation in its favour
• Rented/Leased Equipment Coverage with: replacement value of $120,000, with Waiver of Subrogation in its favour Loss Payee: U-Dig It Rentals Inc.
• Auto Liability: $1,000,000 (if I tow/transport)
• Workers’ Compensation (if applicable)

Please email the COI/endorsements to nickbaxter@udigit.ca. Thank you!
[Your Name, phone]

Typical cost & timing (ballpark)

  • Contractors with CGL: COI is usually $0, same day. Adding “Rented Equipment” for the rental period may be low cost.
  • Homeowners/DIY: short-term binder commonly $150–$500 CAD for a week and can be Pro-Rated (varies by machine/limits). Often same day.

Not a quote; actual pricing depends on limits, duration, driving/operator history, and insurer.

Avoid delays: COI approval checklist

  • Dates cover your full rental period.
  • U-Dig It Rentals Inc. appears exactly as Additional Insured (primary & non-contributory) on the CGL.
  • Rented/Leased Equipment limit meets or exceeds the equipment value and names U-Dig It Rentals Inc. as Loss Payee.
  • Broker contact info is on the certificate; Canadian insurer/broker.
  • If towing: Auto Liability included.

How to submit your Confirmation Of Insurance

Reply to your booking confirmation and attach the COI (PDF or clear photo), or email it to nickbaxter@udigit.ca. We’ll confirm approval. No COI, no release for units that require it.

FAQs

What if I can’t get a binder in time?
Here is A list Of Brokers Who Can Help You Get Insurance Today!

Does the walkthrough/orientation replace training?
No. We include a quick orientation and have how-to videos, but you must be competent and follow the Operator’s Manual and safety rules.

Will my homeowner’s policy cover this?
Usually not for commercial equipment—ask your broker. That’s why short-term binders exist.

Email this request to my broker Call U-Dig It: 1-506-643-1575

Note: This page is provided for convenience and does not constitute insurance, legal, or financial advice. Coverage terms are set by your insurer. Where a translation is provided, the English version prevails. Requirements may vary by equipment—see your Rental Agreement and any Equipment-Specific Rider for the binding terms.

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