Which endorsement includes coverage for damage while rented or leased from others?

The rented or borrowed equipment coverage endorsement is specifically designed to provide protection against damage to equipment that the insured has rented or leased. This type of coverage is essential for businesses that rely on rented or leased equipment, as it ensures that any damage that may occur while utilizing this equipment is covered, thus preventing financial loss.

This endorsement typically covers repairs or the replacement cost of the equipment based on the terms set forth in the rental or lease agreement. It helps protect the insured from liability for damages that may arise during the period of rental, ensuring that the business operations can continue smoothly without the burden of unexpected costs related to damage to borrowed or rented equipment.

Other options do not directly address this specific need for coverage concerning rented or leased items. For example, owned tools endorsement relates to tools owned by the business rather than those rented or borrowed. An income protection endorsement generally addresses loss of income due to business interruption rather than physical damage to equipment. Standalone theft coverage covers the loss of property specifically due to theft and does not include damages incurred during renting or leasing activities. Thus, the rented or borrowed equipment coverage endorsement is the most appropriate choice for this scenario.