3 Insurance Policies Every Personal Watercraft Rental Company Needs

Whether you live on the coast or spend your days at a local lake, jet skis are a popular way to enjoy the water. Personal watercraft accidents, however, can and do happen. For this reason, having adequate jet ski rental company insurance is necessary for any company looking to achieve long-term success in the industry.

General Liability

Although it doesn’t cover everything, general liability insurance is still necessary to protect the premises of any rental company. A slip-and-fall accident, for example, can lead to a nasty legal battle when a company lacks general liability insurance. Since premises are frequently wet, these kinds of accidents are not uncommon.

Watercraft Coverage

While general liability covers customer accidents on land, watercraft coverage accounts for accidents that occur on the water. If a customer becomes injured or damages a jet ski, watercraft coverage ensures reimbursement for any medical bills or repair costs.

Hull Coverage

Similar to watercraft coverage, hull coverage protects rental companies when a vessel experiences internal damage that not only requires costlier repair work but also prevents business from proceeding as usual. Most hull coverage policies account for lost wages as a result of vessel downtime.

Taking a jet ski for a spin is the perfect way to relish the open water, but it doesn’t come without risks. Comprehensive insurance policies allow rental company customers and owners alike to treasure this time instead of worrying about what will happen in the event of an accident.