Consider Renting Contractor Equipment Instead Of Buying

Being an independent, small job contractor comes with a lot of flexibility. You can pick the types of jobs you want and schedule your own time. Having all of the right equipment for every job can sometimes be challenging. That is why it is often good to rent equipment that you only need for a short period of time.

Rental Duration

Equipment can often be rented for varying periods of time, giving you the flexibility to pay for as little or as much time as you need. Small-to-large equipment rental can even be for a block of hours within a day. For longer jobs, you may rent by the day, the week, or even the month. With any duration, you have the option to extend your rental period; in many cases, the extension occurs automatically if you don't bring the equipment back within the allotted time period.

Types of Equipment to Rent

You can rent almost any type of equipment that you need for a small or large job. Small tool equipment can include:

  • Augers (one or two man)
  • Pressure washers
  • Drying equipment
  • Tills
  • Pumps
  • Sanders
  • Ladders, scaffolding, and other structural equipment
  • Welders
  • Nail guns
  • Jackhammers, sledge hammers, and other demolition equipment
  • Power sprayers
  • Cement mixers

Even as a contractor who specializes in smaller jobs, you may need to rent larger equipment, such as:

  • Tractors, loaders, or backhoes
  • Aerials (for reaching those high places)
  • Trenchers
  • Stump grinders
  • Full-size or Mini skid steers
  • Moving trucks, pickup trucks, or trailers
  • Rubbish containers
  • Light towers (for nighttime work)
  • Chip shredders (for grinding down any trees or shrubbery)
  • Aerators (for landscaping work)

Insurance and Liability on Rentals

When you rent your equipment, you may want to consider carrying additional insurance to cover anything that happens to the equipment while you are using it. The rental company may offer insurance that you can purchase at the time of the rental. You can also purchase independent insurance that covers a number of situations that can occur during equipment rental, including:

  • Replacement of equipment if it breaks
  • Equipment theft, if your rental equipment is stolen while on the job
  • Loss of equipment while in transit to your job site
  • Accidental damage where equipment is still functional but damaged
  • Damage to the property that is on your job site
  • General liability

Renting equipment is a great way to get the equipment that you occasionally need for the period of time you need it. Don't forget to insure yourself against the issues that can occur when you choose to rent equipment versus purchase it. To learn more, contact a company like Rentals And More Inc.