Keeping Track Of Rented Items – Often when putting together a project that is being held away from your workplace, you will need to supply equipment for the various stages of its development. It can be very cost-effective to rent tools or equipment specifically for individual projects. It negates many problematic aspects like storage in between required use and high initial capital outlays. But it often leaves you placing a high level of trust with your contractors and employees to keep track of and ensure the safety of your rented equipment and any liability caused by loss or damage.
Keeping Track Of Rented Items
Insurance
Often hire companies will provide insurance to cover the cost of the hired equipment in the event of theft or damage. However the costs can be quite high and in the event of a claim having to be made, excesses are known to be some of the highest in the insurance industry. Certainly, the onus is placed upon you as the hirer to ensure the safety of the hire company equipment. This is not always easy as with vehicles, for example, they are highly mobile and unfortunately often targeted by criminals who know they will have no trouble finding a market for the stolen car or van.
If you hire vehicles often it may make financial sense to look into taking your own insurance out to cover them but this can raise problems with hire companies and will usually come at a high price. This is a cost borne from the simplest hire jobs like a home move to complex multi-step projects.
![]()
Protecting Is Better Than Replacement
Keeping track of your hired equipment and ensuring its safety will always prove more economically viable than just trusting in luck. With advances in tracking technology, you can now use a self-contained tracking device that has long battery life and requires no installation to be carried out. Tracking a vehicle in your possession can be as simple as popping the device in a cubby hole within the vehicle. This means no interference with the hired vehicle and an independent tracking device will always know the location of the vehicle regardless of the state of the vehicle.
For example, if the worst happens and your vehicle is stolen, the thieves will likely take it somewhere quiet and disconnect the battery and wait for any tracking device to become discharged. With a tracker independently powered, the thieves will be out of luck as location data will continue to be sent even from a partially disassembled vehicle. A perfect choice for keeping track is the Power Finder 4G as it offers up to 90 days of operation between charges and is fully self-contained enabling it to be swapped from vehicle to vehicle in moments.
*collaborative post