STORENT Safety Program (SSP) is a simple and easily implemented way to cope with the consequences of unpleasant incidents, adding just extra 5% to the rental price.
STORENT offers safety program, which helps to prevent potential losses in the following cases:
- Damage caused to the rented equipment and machinery;
- Theft or complete loss of the rented equipment or machinery.
In case of an insured event and use of the SSP, you pay only the deductible amount to the lessor, which is 10% of the loss, but not less than 500 EUR for equipment worth up to 10,000 EUR and not less than 1500 EUR for equipment worth over 10,000 EUR.
Example No.1
Insurance event, when a scissor lift worth 40,000 EUR was stolen.
With SSP (EUR) | Without SSP (EUR) | ||
| Rent for the scissor lift per day | 60 | 60 | YOU SAVE 35 997 EUR |
| Insurance premium SSP per day (5%) | 3 | 0 | |
| Total rent | 63 | 60 | |
| Losses incurred | 40 000 | 40 000 | |
| Deductible amount 10% | 4 000 | 0 | |
| Total customer expenses | 4 063 | 40 060 |
Example No.2
Insurance event, when a mini excavator worth 9500 EUR was damaged and caused material losses worth 5,000 EUR
With SSP (EUR) | Without SSP (EUR) | ||
| Rent for the mini ecvavator per day | 80 | 80 | YOU SAVE 4 496 EUR |
| Insurance premium SSP per day (5%) | 4 | 0 | |
| Total rent | 84 | 80 | |
| Losses incurred | 5 000 | 5 000 | |
| Deductible amount 500 | 500 | 0 | |
| Total customer expenses | 584 | 5 080 |
Example No.3
Insurance event, when a perforator worth 1,000 EUR was stolen
With SSP (EUR) | Without SSP (EUR) | ||
| Rent for the perforator per day | 10 | 10 | YOU SAVE 35 997 EUR |
| Insurance premium SSP per day (5%) | 0,50 | 0 | |
| Total rent | 10,50 | 10 | |
| Losses incurred | 1 000 | 1 000 | |
| Deductible amount 10% | 500 | 0 | |
| Total customer expenses | 510,50 | 1 010 |
*Prices in the examples are without VAT. Further information can be obtained from STORENT project managers.