If your lease payment includes an amount for insurances, you may be paying for something that can easily be covered under your business insurance. Even if you’ve been paying for it for an extended period, you can eliminate this unneeded cost by contacting your business insurance carrier. You’ll need to give them a value for the equipment, model #, Serial #, and the name of the leasing company your using. The leasing company needs to be designated as the “loss payee”. Send in the insurance certificate rider with the payment to the leasing company along with a brief explanation, and the the cost will go away.