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Commercial Marine


Boat rental businesses can provide lucrative financial opportunities for their operators. Many of your prospective clients don’t own boats. But, they still want to take advantage of their access to water to have some fun.

Even the safest boat renters could cause problems that cost the business money. It is therefore important that boat rental companies carry appropriate insurance.

Why Your Business Needs Boat Rental Insurance

Your rental business places a vessel in the hands of someone who agrees to give it back in good condition. While you certainly hope that your boat and clients will return unscathed, that’s not always the case. Whenever someone rents a boat, they expose it to risks simply by their operations.

Should an accident occur while your rental boat on loan, it might put the rental company on the line. The company might have to pay for repairs, lost property and even injuries to both the boater and others. Therefore, it is imperative that the rental company carries the appropriate insurance.

Who Does Boat Rental Insurance Cover?

Often, boat rental insurance covers the owner of the rental company and the renters themselves. Boat renters may not carry their own insurance because they do not own a boat. Other renters may carry insurance that doesn’t apply to boat rentals.

To solidly cover its own risks, a company should assume that its renters do not carry insurance. Thus, they need to guard their own risks and make sure their own policies cover renters.

Rental companies often face strict guidelines when insuring and operating their company. This helps guarantee that the rental company only rents to lawfully qualified individuals. Generally, you have to operate legally in order to qualify for insurance coverage. Don't attempt to skirt the law.

What Scenarios Does It Cover?

Rental company insurance can cover many of the same scenarios as a standard boat policy. Should a renter get into an accident, the rental company will have a policy that may protect the business and the boater in case of any financial challenges. A policy might cover:

  • Hull loss
  • Medical payments
  • Liability coverage
  • Property damage coverage

And a variety of other scenarios to better protect against losses.

However, remember that every boat rental policy is different. Some policies may not adequately cover the financial assets or specific risks that boat renters face. Work with your agent to get the appropriate coverage for your rental business.

We’ve got you covered. Call Voyager Insurance Services, Inc. at (972) 712-8000 to get a Dallas commercial boat insurance quote.

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