Once your application is approved by our in house credit staff and a certificate of insurance is obtained, you can immediately have access to the equipment you need.
- In business at least 3 years under current ownership.
- No prior bankruptcy or other major derogatory items.
- At least 3 active trade references.
- Commercial bank account with no NSFs.
- Dun & Bradstreet Report with a minimum Paydex of 70.
- Owner must have a minimum Beacon Score of 650, with maximum revolving debt not to exceed 65.
- General & Automobile Liability (Road) or General Liability (Storage): Limits of liability for bodily injury and property damage of not less than $1,000,000 combined single limits.
- Physical Damage: Coverage for hired and non-owned vehicles leased and rented.
- Thirty days notice of cancellation
- Auto Fleet Coverage: Please notify Palmer Leasing, Inc. if the insurance provider requires notification of additional leases.
- Additional Insured – Loss Payee: Palmer Leasing, Inc. must be named as additional insured and loss payee with respect to all leased and rented trailers.