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HED Insurance and Risk Services, in partnership with the Canadian Rental Association (CRA), is proud to be the
endorsed provider of a specialized insurance program with risk management services for CRA members across
Canada. For over 25 years, HED has specialized in helping Canadian associations, buying groups, and independent
businesses save money while providing the right level of coverage through specialized group insurance programs.
We are here to help you with your insurance needs and help reduce your insurance costs.
The following insurance coverages exclusively designed for CRA members are now available:
- Property Insurance
- Rental Equipment Off-Premises Insurance
- Liability Insurance
- Business Interruption
- Crime
- Equipment Breakdown
- Equipment Re-Rental
- Conversion Coverage
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Our Guarantee to You:
- We will understand your rental business and the risks you face.
- In conjunction with the CRA, we have created a specialized insurance program for your industry.
- We will work with you to determine the "right" level of coverage to meet your particular needs.
- We will provide consistent and ongoing Canada-wide sales and service support for your insurance needs.
- As a participant in the CRA Insurance Program, you have the benefit of strength in numbers with preferred group rates.
- The CRA Insurance Program will provide each member with immediate premium savings and long-term rate stability.
- The program will provide an opportunity for rebates paid directly to participating members.
- All participating members under the new program will have an HED representative review current coverage limits, including building evaluations, and provide coverage recommendations.
| Feature | Benefit |
| Immediate Savings | - guaranteed 10% reduction off your current policy premium |
| Long Term Rate Stability | - members' future premiums are based upon program claims, not on insurance
market savings |
| Ownership of Premiums | - 45% of premiums owned by participating CRA members
- fund pays defined portion of claims; any balance after claims of each year's fund
belongs to insured members |
| Proven Structure | - protected self-insurance structure same as for the Alberta Hotel and Lodging
Association, Sobeys and the Association of Manitoba Municipalities |
| Complete Insurance Protection | - insurer pays all claims over the annual deductible fund
- no deficit or retroactive assessment can occur in this self-insurance fund |
| Administration | - underwritten by ING Novex; part of ING Group, Canada's largest insurer
- risk management, loss prevention and building evaluation service
- consistent claims handling with control adjusters and lawyers under HED's direction
on CRA's behalf |
Contact Information for the Canadian Rental Association Insurance Program:
Toll Free Phone: 1-800-665-8990/Fax: 1-888-990-4301
Justin Friesen, Ext. 7211
Manager, Commercial Sales and Service
jfriesen@hedinc.com
View additional benefits available to CRA members
