Industry Code: 89908
This industry covers businesses that rent light duty equipment and supplies to home owners and do-it-yourselfers, and only infrequently to small contractors.
Also covered are businesses that specialize in the repair and service of household appliances.
Operation Details:
Employers that rent light duty equipment and supplies typically maintain large inventories that consist of household items and equipment such as fridge dollies, garden tools and lawn equipment, hot tubs, audio/video equipment, party supplies, office machines, furniture, power tools, and other similar light-duty construction equipment. A limited supply of contractors’ equipment may include a few portable welders, small pumps (usually 1/2 to 4 inch diameter), light weight power plants (10 KW), a small assortment of compactors and tampers, etc. It is not able to meet the needs of larger contractors in the construction industry, where often significant quantities of equipment are required, sometimes over an extended period.
Equipment rental businesses in this industry often service equipment, but this is limited to their own equipment/tools and consists of maintenance such as cleaning, oiling, greasing and the occasional replacement of parts. A mechanic is seldom involved or required and most often, when repairs or rebuilding is necessary, equipment will be sent out to an unrelated repair shop.
There are also businesses in this industry that are primarily involved in the service and repair of such items as stoves, refrigerators, deep freezers, razors, vacuum cleaners, etc. Businesses may specialize in one or two lines or do repairs on all makes and models, and service calls may be an everyday occurrence. Appliances may be sold on the same premises, but it is not the main activity of the business.
The equipment used in servicing operations consists of mainly hand tools. Staff include service and repair, pick up and delivery, and administrative staff.
Underwriting Considerations:
It is accepted that these types of rental firms may also operate as a secondary business, a franchise-type trailer/truck rental business. Businesses that exclusively rent trucks as an agent (e.g. Ryder trucks) are classified in industry 65600, Auto Dealers.
Businesses that only rent portable signs are classified in industry 39701, Outdoor Advertising.
Businesses that primarily sell household appliances and provide warranty work only, in conjunction with the sale, are classified in industry 67604, Appliance Sale & Svce.
The repair and service of camp heaters, stoves and lanterns are also included in this industry.
Premium Rate History:
Activities:
Appliances, Household, Rental and Servicing
Construction Equipment, Light - Rental
Equipment, Small - Rental and/or Service
Household Appliances, Rental or Leasing
Lawn and Garden Equipment, Rental
Rental of Small Equipment and Household Items
Small Equipment, Rental
Camper Heaters, Stoves and Lantern - Service/Repair
Household Appliances - Service and Repair
Refrigerator, Household - Repair
Rate Group History:
Industry 67802 was placed in this rate group in 1994 with further restructuring performed in 1995.
Industry 89908 was placed in this rate group in 1996, in recognition of similar product sales and rental activity.
Industry 67802, Household Appliance - Svce Only was consolidated into this industry on January 1, 2011.
This industry covers businesses that rent light duty equipment and supplies to home owners and do-it-yourselfers, and only infrequently to small contractors.
Also covered are businesses that specialize in the repair and service of household appliances.
Premium Rate History:
Activities:
Appliances, Household, Rental and Servicing
Construction Equipment, Light - Rental
Equipment, Small - Rental and/or Service
Household Appliances, Rental or Leasing
Lawn and Garden Equipment, Rental
Rental of Small Equipment and Household Items
Small Equipment, Rental
Camper Heaters, Stoves and Lantern - Service/Repair
Household Appliances - Service and Repair
Refrigerator, Household - Repair
Operation Details:
Employers that rent light duty equipment and supplies typically maintain large inventories that consist of household items and equipment such as fridge dollies, garden tools and lawn equipment, hot tubs, audio/video equipment, party supplies, office machines, furniture, power tools, and other similar light-duty construction equipment. A limited supply of contractors’ equipment may include a few portable welders, small pumps (usually 1/2 to 4 inch diameter), light weight power plants (10 KW), a small assortment of compactors and tampers, etc. It is not able to meet the needs of larger contractors in the construction industry, where often significant quantities of equipment are required, sometimes over an extended period.
Equipment rental businesses in this industry often service equipment, but this is limited to their own equipment/tools and consists of maintenance such as cleaning, oiling, greasing and the occasional replacement of parts. A mechanic is seldom involved or required and most often, when repairs or rebuilding is necessary, equipment will be sent out to an unrelated repair shop.
There are also businesses in this industry that are primarily involved in the service and repair of such items as stoves, refrigerators, deep freezers, razors, vacuum cleaners, etc. Businesses may specialize in one or two lines or do repairs on all makes and models, and service calls may be an everyday occurrence. Appliances may be sold on the same premises, but it is not the main activity of the business.
The equipment used in servicing operations consists of mainly hand tools. Staff include service and repair, pick up and delivery, and administrative staff.
Underwriting Considerations:
It is accepted that these types of rental firms may also operate as a secondary business, a franchise-type trailer/truck rental business. Businesses that exclusively rent trucks as an agent (e.g. Ryder trucks) are classified in industry 65600, Auto Dealers.
Businesses that only rent portable signs are classified in industry 39701, Outdoor Advertising.
Businesses that primarily sell household appliances and provide warranty work only, in conjunction with the sale, are classified in industry 67604, Appliance Sale & Svce.
The repair and service of camp heaters, stoves and lanterns are also included in this industry.
Rate Group History:
Industry 67802 was placed in this rate group in 1994 with further restructuring performed in 1995.
Industry 89908 was placed in this rate group in 1996, in recognition of similar product sales and rental activity.
Industry 67802, Household Appliance - Svce Only was consolidated into this industry on January 1, 2011.