Boat Rental Insurance
Owning and operating a boat rental business can be a lucrative and enjoyable career, especially for those who truly enjoy being out of the water and sharing their enthusiasm for boating with others. While owning a rental business can provide a host of benefits, it’s important to keep in mind the high level of exposure encountered when operating a boat rental business and the type of boat insurance coverage needed to adequately protect that business. Maintaining proper commercial boat rental insurance coverage can play a crucial role in the continued success of your business.
At Global Marine Insurance Agency, our Commercial Marine Underwriting Specialists can provide specialized coverage, including marine liability insurance, to businesses that rent sailboats (under 26′), canoes, kayaks, pedal boats, water bikes, personal watercraft, mini-jet boats, powerboats, and houseboats (up to 65′).
If you operate a boat rental business, contact Global today and learn more about how we can help provide specialized boat rental insurance coverage to meet your needs or get a boat rental insurance quote today.
When it comes to commercial boat rental insurance, each business has a unique set of circumstances that influence their exposure levels and which need to be addressed when determining its insurance coverage needs. If you have a boat rental company, Global Marine’s underwriting specialists can help find the best insurance coverage for your business, customized to meet these unique needs.
There are a number of different coverage options available with regards to boat rental insurance. Some of the most important include:
- Watercraft Liability – Can provide varying levels of coverage in the event of bodily injury and property damage
- Premises Liability – Coverage for events that occur on premises of a boat rental business
- Hull Coverage – Can provide coverage for physical damage sustained to a watercraft’s hull, engine, and other equipment
Rental operations must meet strict insurance coverage guidelines*. When you request a PWC or boat rental insurance quote, we ask that you submit your company’s rental agreement and checkout procedures with the completed application. Please send all materials to our commercial marine experts.
*Annual minimum premium is $5,000
We are unable to offer coverage for the following:
- Start-up businesses
- Rentals in New York, Florida, and Georgia