Tuesday updates: Equipment rental industry responds to COVID-19

Here’s a round up of responses from those in the rental industry

ARA: Equipment and event rental industry feeling coronavirus impact

ARA: Coronavirus Discussion Group

ARA: Conducting a weekly survey, 3/9 results

ARA: ARA recommends funding of SBA loan programs to help small businesses impacted by coronavirus

Point of Rental: Pandemic: How is the Rental Industry Reacting to COVID-19?

In every negative situation, there are opportunities to create positives. Now is a great time to do the things it’s usually difficult to find time for. Need to build farm tables or any other rental item? Been putting off a full inventory? How about training your team? When everyone’s back to full-scale operations, you’ll have a more knowledgeable, helpful staff and happier customers.

Insurance Companies respond: Eight ideas for rental companies

If you have already seen a significant drop off in your revenues, let’s talk about adjusting your estimated annual revenues on your General Liability policy to reduce your current and future insurance payments. If you foresee a major impact on payroll, let’s talk about the same for your Workers Compensation policy.