My comments blow were made on the basis of what I saw with the business my dad and grand-dad ran for just over 50 years.
They ran a garage, and Grand-dad did the welding. But they also had a pump with a 5 hp Briggs motor that they would rent out. Of course, everyone who rented th pump complained that th pump rental was too expensive, but they rented it anyway. And many of the renters brought it back with parts missing, hoses missing, or even parts broken off the motor. I'm pretty sure that after everything was said and done, if they broke even on the pump rental proposition, it'd be surprising.
And then you want to talk about renting out a piece of equipment that, in the wrong hands, becomes a bomb. As I said, you might control who you rent it to, but you can't control who THEY allow to use it, or misuse it.
Back in the heyday of the family garage [1941-1991], liability for incompetent people was only becoming the issue it is today. These days, if THEY kill someone with equipment YOU rented to them, guess who is liable for damages? And a single million-dollar umbrella policy isn't much protection when juries often make multimillion-dollar judgments.
Those are the thoughts I wanted to convey. While I think your idea is useful, I think that in today's ambulance-chaser lawyer-filled society, it's simply a non-starter unless you have deep pockets to begin with.
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