TAYLOR & TAYLOR ASSOCIATES

FILM & VIDEO EQUIPMENT RENTAL CONTRACT TERMS

YOUR RENTAL CONTRACT SHOULD INCLUDE THE FOLLOWING TERMS AND CONDITIONS:

1) A Hold Harmless and Indemnification clause making the lessee responsible for any and all damage or injuries resulting from the use of the equipment by the lessee.

2) Where the equipment is owned by the lessor or another, the lessee will provide evidence of the following coverages:

a. Coverage is to be written on an All Risk or Special Form Basis including Transit, Unnamed Locations Locations,
Breakage and Theft from Unattended Vehicles.
b. The valuation of the insured equipment is to be Replacement Cost or Legal Liability without
deduction for depreciation. Vehicles will be insured on an Actual Cash Value basis.
c. Third Party Property Damage Liability.
d. Commercial General Liability.
e. Workers Compensation & Employers Liability.
f. Non-Owned & Hired Automobile Liability.

3) The lessee will be responsible for the equipment from the moment it leaves the rental location, or the sub-rental facility, until it is returned to the respective rental facilities during normal business hours.

4) The lessee is also responsible for damage to the equipment while stored at the rental facility, as a courtesy to the lessee, and during the camera check out procedure. The lessor shall be acting as agent for the lessee for any property stored or transported on behalf of the lessee and shall be free from any responsibility for damage to such property.

5) The lessee shall be responsible for the loss of rental income during the period of time it takes to repair or replace the destroyed, damaged or unreturned property or until the payment of the damage charges is made, whichever is later.

ADDITIONAL COVERAGE REQUIREMENTS FOR EQUIPMENT WHICH LEAVES THE UNITED STATES, VEHICLES RENTALS OR THE TRANSPORTATION OF PROPS, SETS & WARDROBES:

1) Foreign Liability.
2) Physical Damage on Hired Vehicles. Vehicles will be insured on an actual cash value basis.
3) Props, Sets & Wardrobe coverage including Transit and Unnamed Locations.
4) Political Risk & Confiscation.

OTHER CONSIDERATIONS:

1) The coverage carried by the lessee will be deemed the primary coverage and issued on a noncontributory basis.

2) The lessee will name the lessor as an Additional Insured on the liability policies listed above and as a Loss Payee, as their interest may appear (ATIMA), on the property policies listed above.

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