Episode Overview
In this episode, recorded live at Rental Roundtable Live in Atlanta, Ted Wagner, COO of Specialty Equipment Insurance Services (SEIS), breaks down how independent rental companies should think about risk management, and why most are leaving themselves exposed.
Ted walks through the two pillars of a solid risk strategy: risk control (what you do before a claim happens) and risk financing (how you pay for losses when they do). He also clears up a costly misconception in the industry – damage waivers are not insurance – and makes the case for why rental operators need to stop managing risk the same way they did 20 years ago.