Premier Lease & Loan Services'® Point of Sale Equipment Protection & Lease Enhancement program protects both the lessor and lessee from financial loss in the event of accidental damage to the leased equipment.
At the time of lease origination, lessors can offer their lessees this optional waiver as a means of fulfilling the insurance requirements of the lease. The lessor waives the lessee's responsibility for loss due to theft or damage for a fee on the monthly invoice. PLLS then provides an insurance policy to protect those leases on which the waiver was accepted.

Property Solution: provides primary insurance coverage to the lessor on leased equipment not covered by the lessee's insurance.

Liability Solution: provides single interest liability protection to the lessor against vicarious liability claims for bodily injury or property damage caused by the use or existence of leased equipment.

Features/Benefits

1. Provides an optional, convenient way for the lessee to purchase protection on leased equipment
   
2. The lessor's interest is fully insured and the lessor is able to pass the cost of insurance (as a separate fee or an incremental rate) to the lessee and potentially earn fee income
   
3. Offers broader coverage than the standard commercial property policy
   
4. Flexible "Pay as You Go" premium billing option for the lessor

Eligible Asset/Customer Classes

1. Commercial Equipment Lessors
   
2. Small Ticket Equipment portfolios
   
3. Micro Ticket Equipment portfolios
   
4. Fine Arts portfolios

This product is underwritten out of our Home Office in Cincinnati. As a service, FIS will assist our agents in: making contact with the Underwriter, obtaining an Application, and presenting submission material for review by the Underwriter.

Please visit the @Request LeaseProtection website at www.leaseprotection.com for more information.