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Insurer: list hired kit with TER

PLANT

INSURER the Mayflower Engineering Consortium is to insist clients only hire-in equipment that has first been registered with TER.

Firms are starting to require hirers to register their fleets as they crack down on theft, but Mayflower is the first to demand registration of hired-in plant.

Under the scheme, hirers and contractors will need to inform TER of equipment transactions and individual fleet valuations.

TER's Tim Purbrick said the increased administrative burden would be a price worth paying for plant fleet owners.

He said: 'It is no more than vehicle fleet owners have to do already with the Motor Insurers Database. In the long run it could reduce premiums.'

Mr Purbrick will be talking at the CPA's Future of Plant Hire conference on March 21 about registration.

Other speakers will include leading insurer Royal & Sun Alliance and Terex Construction chief Colin Robertson on how manufacturers can help the hire industry.

For more details call Nyaika Kumarasi on 0207 505 6608.