The HAE has just launched 'HireSecure' from October 1, which is a new short-term hired insurance product replacing its 'HireGuard' package.
HireSecure is available to all members to cover accidental loss or damage, fraudulent hire, theft, vandalism and malicious damage to owned or crosshired equipment. This follows the announcement that Towergate Insurance Brokers will take over responsibility for the trade association’s insurance services as its new, sole broker.
An extensive review of its insurance programmes led HAE EHA’s main board and executive to change service provider, in order to provide wider support for its 800 members across the hire, rental and events sector. The review was undertaken through a market-testing exercise and focused on looking at the most appropriate and beneficial range of products to be offered to members going forward.
Paul Gaze, HAE EHA Chief Executive Officer, said: “Following a competitive tender, we are delighted to welcome Towergate as our new insurance partner. Considering the challenges faced by members since the beginning of 2020, we felt it was necessary to examine the insurance marketplace and review HAE Insurance Services and EHA Insurance Services products in order to provide the most comprehensive support possible to our very varied membership base. We are confident that, in Towergate, we have found the best solution all round from a partner that really understands our members’ markets.”
Towergate was chosen as it is the UK’s leading independent broker and risk management advisor, specialising in bespoke policies for SMEs and commercial entities of all sizes, with extensive experience in the hire and events marketplace.
HAE will be promoting HireSecure and other member services at this year’s Safety in Construction Show, the UK’s premier trade show for safety products in the construction and related industries, scheduled for Holywell Park Conference Centre in Loughborough on October 6th.
