Assurant, Inc. introduced a strategic partnership with Evident, a supplier of AI-powered rental insurance coverage verification options, to introduce the industrial tools rental business’s first end-to-end danger administration answer, combining world-class automation with confirmed safety.
The joint providing supplies rental firms and sellers the flexibility to confirm insurance coverage protection, flag non-compliant insurance policies earlier than tools leaves the yard, and enroll the uninsured/underinsured renters in Assurant-backed safety applications. Assurant’s companies embody prolonged service contracts, bodily harm insurance coverage, assured asset safety, lessor’s legal responsibility, and extra.
“We’re proud to crew up with Evident to supply rental firms and their prospects a wiser, streamlined path to danger safety, whereas unlocking new income alternatives for sellers,” says Mike Medeiros, vice chairman of business tools at Assurant. “Collectively, we’re setting a brand new benchmark for best-in-class tools rental danger administration.”
“That is greater than a partnership— it’s two class leaders coming collectively to resolve the business’s largest danger publicity in a wiser, extra worthwhile means,” mentioned Justin Leslie, head of gross sales at Evident.
- Automated insurance coverage verification
- Actual-time flags for non-compliant or expired Certificates of Insurance coverage
- Immediate eligibility for Loss Injury Waiver (LDW) protection by way of Assurant
- A simplified opt-in course of at point-of-rental
Buyer Safety
When renters lack legitimate insurance coverage, LDW protection will be provided immediately, enhancing buyer safety whereas producing further income for sellers and producers. The built-in workflow reduces friction for employees and delivers a sooner, safer rental expertise.
“Because the main insurance coverage monitoring supplier for each industrial and shopper portfolios, this partnership expands our suite of monitoring options to span leased, financed, and rental tools,” added Medeiros. “It additionally permits us to ship area of interest safety merchandise designed for B2B partnerships.”
Evident’s automated verification platform ensures that LDW safety choices are deployed intelligently when renters lack protection, insurance policies are expired, or tools is very high-value or high-risk.
“That is about greater than effectivity,” added Leslie. “It’s about delivering confidence and protection the place it issues most.”
