Rental Insurance

Commercial renters insurance for boats, often referred to as marine rental insurance, is a specialized type of insurance designed for businesses that rent out boats. This insurance typically covers several key areas:

1. General Liability: Protects against claims of bodily injury or property damage that occur while the boat is rented.
2. Property Damage: Covers physical damage to the boats themselves, whether due to accidents, vandalism, or natural disasters.
3. Loss of Income: Compensates for lost revenue if a boat is damaged and cannot be rented out.
4. Pollution Liability: Covers costs associated with accidental fuel spills or other environmental damage.
5. Personal Injury: Covers medical expenses for injuries sustained by the renters or their passengers.
6. Legal Defense Costs: Covers legal expenses in case of lawsuits related to the rental operations.

This type of insurance is crucial for businesses to protect their assets and ensure continuity of operations in the event of an incident.