Crawler excavators during heavy earthwork on construction site at sunset moving rubble

Damage Wavier

Overview

YardLink Protect is our industry-leading Damage Waiver product, specifically designed to protect our customers from charges under the hiring conditions that may arise in the event of damage, loss, or theft of equipment whilst on hire. Customers are not obliged to take out this damage waiver, but every hirer is required to have suitable insurance before any plant or equipment can be hired from YardLink.

How it Works

Our Damage Waiver is competitively priced at 20% of the overall hire rate of equipment on hire. Where a customer has opted to pay for the Damage Waiver, YardLink will waive any cost of repairing accidentally damaged equipment and/or any cost for loss or theft of the equipment up to a value of £100,000, less an initial excess charge. Any loss above £100,000 will be the customer’s responsibility.

In order to qualify for the protection provided by our Damage Waiver, the customer must also:

  1. Be able to demonstrate that reasonable care had been taken to prevent loss;
  2. Report any equipment theft to the police, obtain a crime reference number, and notify YardLink within 48 hours of the theft being discovered.
  3. Retain and protect any damaged item for examination by the Insurer or their representatives, if required

In the event of loss or damage, the hirer must immediately notify the:

  • YardLink operations team and/or account manager, and advise the date and time of loss, details of the circumstances and details of any other parties involved
  • Police following theft, malicious damage or riot, within seven days. A crime number must be obtained
  • A Damage & loss claim must be submitted within 28 days of the event

What is Not Covered?

  • The policy excess
    • Claim value up to £500: £50 excess
    • Claim value from £501 – £1000: £100 excess
    • Claim value from £1001 – £2000: £200 excess
    • Claim value from £2001 – £2500: £250 excess
    • Claim value from £2501 – £5000: £500 excess
    • Claim value from £5001+: £1000 excess
  • Unexplained losses (there must be an identifiable incident such as theft, fire, flood, etc).
  • “Inventory loss”
  • Continuing hire charges and any loss which happens as an indirect result of an event for which you are insured
  • Formwork and Falsework equipment which are used or associated with being used underground
  • Loss or damage whilst hired items are in or on a vehicle, or in transit
  • Loss or damage to:
    • Tyres as a result of road or site punctures, cuts or bursts, cutting edges (other than diamond cutting wheels), tools, trailing cables, fixing pipes or safety or protective devices due to their operation.
  • Loss or damage due to:
    • Intentional act, wilful omission, neglect, misuse or failure to take reasonable precautions to prevent loss or damage
    • Wear and tear, breakdown or inevitable damage
    • Cleaning, maintenance or treatment
    • Use underground, underwater or offshore
    • Use of two or more items of Plant in a single lifting operation
    • War, terrorism, riot in Northern Ireland or nuclear incidents
    • The waiver does not provide any compensation for loss or damage caused to your or any third party property and / or to any person or person(s)
    • No cover applies unless the equipment has been operated by competent qualified individuals

Security Requirements

If hired items are left unattended overnight or at weekends:

  • Mobile items (on wheels, tracks or self propelled) should be:
    • Immobilised by fitting and setting of a recognised locking device or
      factory installed engine immobiliser system or
    • Secured within a locked building compound or yard which must have
      enclosed perimeter walls or fencing and pad locked points of entry
  • Machine attachments, power tools, hand tools and manually powered
    implements should be secured:
    • Within a locked building or
    • Within a secure compound or unit receptacle which should be within
      a secure compound or yard or
    • If in or on a vehicle, it shall be parked in a secure or attended garage
      or yard

Please get in touch with our team to find out more information on YardLink Protect.