At Irwin Commercial Finance, your business is important to us, so we want to assure your satisfaction in every way we can. As you know, your agreement requires you to protect the equipment you lease or finance from us with full insurance coverage.

As an added benefit, Irwin now has an insurance program with coverage that you can use to satisfy this requirement. This program provides us with a Leased or Financed Equipment Insurance Policy, issued through American Lease Insurance Agency Corporation, which covers all of our eligible equipment — including the equipment leased/financed for you.

We believe our insurance program delivers greater protection than standard commercial property insurance at very competitive charges — and there is no deductible. Should you use our program to protect the leased/financed equipment, we will bill you a monthly insurance charge, which includes all related premiums, interest, fees, profit, and other charges for providing this service. This monthly insurance charge is fixed and will not increase during the term of your lease. To find out more about our insurance program, click here.

If you decide not to use our insurance program and wish to arrange your own insurance on the equipment, please have your agent send evidence of such insurance to Irwin Commercial Finance Corporation, c/o ALI, 654 Amherst Road, Suite 313, Sunderland, MA 01375.

Referencing your Irwin Commercial Finance Corporation account number, your agent must provide written evidence of property insurance with a minimum amount of coverage equal to the cost of the equipment (using the ACORD Form 28 or its equivalent) that:

1. provides "special form" coverage that includes theft,
2. shows a "Lender's Loss Payable" endorsement (using ISO form BP 12 03 or CP 12 18 or their equivalent) naming Irwin Commercial Finance Corporation as the "loss payee," and
3. has the current effective dates of your coverage.
4. Your agent must also provide written evidence of general liability insurance (using the ACORD Form 25 or its equivalent) with minimum liability limits of $300,000 each occurrence and $600,000 general aggregate.
5. and must also name "Irwin Commercial Finance Corporation, and its assignors and assignees" as "insured" or as Additional Insured — Lessor of Leased Equipment endorsement (using ISO form BP 04 16 or CG 20 28 or their equivalent).

Should you use your own insurance, please fax this information to your agent so they may fax such evidence of insurance to ALI at 413.658.3060.

Please contact ALI at 888.894.7047 with any questions about your insurance requirements, coverage under our program, or to report a claim.