Hire Association Europe (HAE) and the Event Hire Association (EHA) have launched HireSecure, a new and improved Short-Term Hired Insurance product replacing HireGuard.
HireSecure will be available to all members to cover accidental loss or damage, fraudulent hire, theft, vandalism and malicious damage on owned or cross-hired 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.
Joe Thelwell, CEO of Towergate, says the aim of the partnership is to provide HAE EHA members with a wide range of products, tailored to their requirements. He added: “I’m incredibly excited at the opportunity of bringing together all the experience our two great businesses have to offer, delivering first class insurance and risk management advice to the membership.”
