If there is damage to the hardware, the customer will be liable to pay the full MSRP replacement value. Therefore, we require your organization to have liability coverage for the rented hardware. If damages do occur, we will first alert you of the damage, then submit the cost for repair or replacement and finally expect payment within two (2) weeks from the date of notice. Failure to provide timely payment will result in charges to the credit card provided; and other remedies that we are entitled enforce, including but not limited to injunctive relief and other legal remedies. Therefore, hardware rentals require property and liability coverage. Broadway Media Distribution must be named as a certificate holder, which means you cannot provide merely evidence of insurance. Broadway Media must be listed as Loss Payee regarding property coverage and as Additional Insured regarding liability coverage on your Certificate of Insurance (COI). Insurance coverage must specify "for rented/leased equipment." At a minimum, insurance must cover the entire rental period, from the first date of rental through the date of return. You are welcome to provide blanket insurance coverage so that a new COI is not required on a per-rental basis (we encourage this). Please contact your insurer to request issue of a Certificate of Insurance meeting the following requirements: Commercial General Liability: Commercial General Liability insurance covering broad form contractual liability, personal injury liability, advertising injury, completed operation and product liability, with a limit of not less than $1,000,000 per occurrence and $2,000,000 in the aggregate. General Liability coverage may increase depending on the services provided and the usage of the rental equipment. Property Coverage Insurance: Property Coverage Insurance covering miscellaneous equipment that is sufficient to cover the full replacement cost of the Equipment. Please include the limits and the deductible of the insurance. Property coverage may come in the following forms: All Risk Policy, Entertainment Package, Inland Marine Coverage, Hired In Equipment, Business Personal Property of Others, Third Party Property, Rented Production Equipment or Rented/Leased Equipment. Loss Payee: BMD must be listed as LOSS PAYEE in a certificate issued by Customer's insurance company. Required Language: Broadway Media Distribution, Inc. dba Broadway Media is an additional insured on a primary and noncontributory basis with respect to general liability. Waiver of Subrogation is granted in favor of Broadway Media Distribution, Inc. dba Broadway Media with respect to general liability, and workers’ compensation. Broadway Media Distribution, Inc. dba Broadway Media is loss payee as it relates to rented/leased equipment. Certificate Holder Box must read as follows: [COMPANY NAME] Broadway Media Distribution, Inc [ADDRESS] 402 W. Bedford Avenue #101, Fresno, CA 93711