Are you worried about buying heavy equipment? There is good news for all the construction and mining companies that the solution to this problem has come. Presently there are many rental companies that are providing heavy equipment in rental basis. Heavy equipment are commonly known as heavy duty vehicles. These paraphernalia can perform different kinds of construction work on the construction site. They are widely utilized in soil digging activities. The heavy equipment operate under the motorized benefit of a trouble-free machine. Nowadays most of the heavy equipment used hydraulic drives as the principal origin of movement. In earlier days the conventional heavy equipments are functionalised by human beings or animals but presently the technology upgraded heavy equipment are operated mostly by the machines. Fork lift truck is a sort of heavy equipment that is applied in carrying the heavy materials for short distances.
Categorization of Forklift Truck Rental Services
Forklift trucks are classified in seven different categories that are being given in rental basis by the heavy equipment rental companies. Some of its principal categories are as follows:
- Electric motor rider truck fall under the category of class one fork lift equipments. This kind of truck is mainly used for indoor activities. At the time lifting, the heavy weight carried by the gear of electric motor rider help the machine to stay in the stable condition.
- Class 2 for lift equipment is the electric motor narrow aside truck that enables the machine in narrow confining. It is also used for placing pallets on racks and shelves.
- The class 3 fork lift equipment is electric motor hand truck that is chiefly used for moving the machines around.
- The class 4 fork lift trucks are soft and class 5 fork lift trucks are used in outdoor activities.
- Class 6 trucks are electric or ignition powered trucks that are often applied for dragging items or shifting personnel.
- Class 7 are the terrain forklift trucks that are also widely used in outdoor conducts.
Insurance Required in Renting Heavy Equipment
There are many heavy equipment rental companies that provide the facility of insurance to construction and mining companies under some rental contracts. Those rental companies offer their own insurance schemes and act as payee for a limited time period. This self insurance policy gives the rental companies to earn more and more profit. In this insurance scheme, the physical damage of the equipment is covered. Sometimes it happens that the owner of the heavy equipment find out that the machine has been damaged by the leaseholder. At that time the owner can claim the repairing cost under this self-insurance policy. But another fact is that this insurance is not responsible for providing the coverage for the defective equipment. General liability facility in the insurance schemes insures the renter to get the claim for improper maintenance of the machine. Personal property insurance helps the heavy equipment rental companies to get the guarantee of the full replacement cost. This facility helps the company to replace the equipment in crisis situation.
