If you own or operate a canoe or kayak rental business, it's important to have the right insurance coverage to protect your company and customers in case of accidents or incidents. Canoe rental insurance can provide coverage for various situations, from liability claims to damage to rental equipment. Whether you're just starting your business or looking to update your insurance coverage, this guide can help you make an informed decision.
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$2,000,000 |
| Products and completed operations aggregate limit | $2,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Advertising injury coverage aggregate limit | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 | $1,000,000 |
| Tenant’s legal liability coverage limit | $100,000 | $100,000 | $5,000 | $100,000 | $1,000,000 |
| Waiver of subrogation included? | Yes | No | Included | Can be included | No |
| Hired/non-owned auto liability coverage included? | Yes | No | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability insurance for kayak rental business provides coverage for bodily injury, property damage, and advertising injury. If someone is injured while using your rental equipment or if their property is damaged, general liability insurance can help cover the costs. There are a number of specific situations and incidents where this kayak rental liability insurance can help protect your business. For example:
If a customer is injured while using your rental equipment and sues your business for medical expenses or lost wages, general liability insurance can help cover those costs
If a customer's personal property is damaged while using your rental equipment, such as a camera or smartphone, general liability insurance can help cover the cost of repairs or replacement
Umbrella coverage: This provides additional liability coverage beyond the limits of your primary policy
Public liability insurance is another type of insurance that provides coverage for bodily injury and property damage. However, this canoe hire insurance specifically applies to incidents that occur in a public setting, such as a park or waterway. Specific situations and incidents where public liability insurance can help protect your business are:
If a customer is injured while using your rental equipment in a public space, such as a lake or river, public liability insurance can help cover the costs of medical expenses and lost wages
If your rental equipment causes damage to public property, such as a dock or buoy, public liability insurance can help cover the cost of repairs
Property damage extension: This provides additional coverage for damage to rental equipment
Watercraft liability extension: This provides coverage for liability claims arising from watercraft use, such as canoes and kayaks
Public liability insurance only covers incidents in a public setting, such as a park or waterway. Nevertheless, it's important to review your policy and speak with your insurance provider to fully understand the extent of your coverage.
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| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance covers your business's physical property and assets, including buildings, equipment, and inventory. For canoe and kayak rental businesses, this can include docks, rental equipment, and other property essential to the business's operation. Some specific situations where this insurance can help protect your business include:
If your rental equipment is damaged or destroyed due to a covered event such as a fire, theft, or vandalism, commercial property insurance can help cover the cost of repairs or replacement
If the equipment is stolen, commercial property insurance can help cover the replacement cost
When business property, such as your rental facility or dock, is damaged due to a covered event, commercial property insurance can help cover the cost of repairs
Flood insurance: This canoe rental insurance covers damage caused by flooding, which may not be covered under a standard commercial property insurance policy
Equipment breakdown insurance: This provides coverage for the cost of repairs or replacement of essential equipment in the event of a breakdown caused by electrical shorts, misuse, upset, and other related perils
There are several steps you can take, such as installing security systems, performing regular maintenance on equipment and property, and implementing safety protocols for customers. These steps can help reduce the likelihood of property damage or loss, which may help lower your commercial property insurance premiums.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $75,000 |
| Optional policies can be added? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
| BOP discount? | Yes | Yes | Yes | Yes | Yes |
This insurance policy combines multiple coverage types into a single policy for small business owners. It usually includes general liability insurance and property insurance. BOP can help in several specific situations, such as:
Accidents or injuries that occur on the rental property, such as slips and falls or equipment malfunctions
Damage to rental equipment or property caused by natural disasters or theft
Lawsuits or legal claims filed against the business for alleged negligence or other liability
Business interruption insurance: Provides coverage for lost income if the business is unable to operate due to covered incidents
Cyber liability insurance: Protects the business against data breaches and cyber attacks
Professional liability insurance: Covers claims related to the advice or services provided by the business
Some BOPs may only cover damage to rental equipment caused by natural disasters or other covered incidents, but not damage caused by customers. It's important to clarify the policy's coverage for this type of damage and consider additional coverage if necessary.
| NEXT | Thimble | Hiscox | |
|---|---|---|---|
| Aggregate limit | $3,000/$10,000 | $2,500/$5,000 | $15,000/$25,000 |
| Covers hired and borrowed equipment? | $3,000/$10,000 | $2,500/$5,000 | No |
| Miscellaneous equipment also covered? | $5,000/$10,000 | No | Yes |
| Offered as an endorsement to general liability insurance? | Yes | Yes | Yes |
| Deductible | $500 | $500 | $0 |
This insurance covers the tools and equipment used in a business. For canoe and kayak rental businesses, this includes canoes, kayaks, paddles, life jackets, and any other rental equipment. Some specific situations where tools and equipment insurance can help canoe and kayak rental businesses include:
Damage to rental equipment caused by accidents or natural disasters
Theft or vandalism of rental equipment
Loss of income due to the business being unable to rent out equipment due to damage or loss
Workers compensation insurance is a type of insurance that provides coverage for medical expenses and lost wages for your employees who are injured or become ill as a result of their work. This includes coverage for injured employees while performing tasks such as loading and unloading rental equipment or assisting customers with rentals. Some specific situations where this insurance can help canoe and kayak rental businesses include:
Employees may be exposed to environmental hazards, such as extreme heat or cold, pollution, or dangerous wildlife, resulting in illnesses such as heat stroke or dehydration
If an employee causes bodily injury to a third party while performing their job duties, workers compensation insurance can provide coverage for medical expenses and lost wages and protect the employer from liability lawsuits
Employer's liability insurance: for additional coverage in the event of lawsuits brought by injured employees or their families
This depends on the laws in your state and the specific nature of your canoe and kayak rental business. If you have part-time employees or independent contractors who work for your business, you may still be required to carry workers' compensation insurance coverage.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $30 | $360 | $0-$500 |
| Commercial property insurance | $34 | $408 | $500-$1,000 |
| Business owner's policy | $64 | $768 | $1,000-$2,000 |
| Workers comp insurance | $80 | $960 | $1,500 |
| Tools and equipment insurance | $100 | $1,200 | $500-$1,000 |
The average canoe and kayak rental insurance cost is $30 per month or $360 per year for a $1 million general liability coverage. Factors that affect the cost of canoe and kayak rental insurance may include:
Type and level of coverage: The more comprehensive your insurance coverage, the higher your premiums will be
Business size: Larger businesses with more employees, equipment, and assets to protect will generally have higher insurance premiums
Location: Insurance rates can vary based on the geographic location of your business, including factors such as crime rates, natural disaster risks, and regulatory requirements
Claims history: A history of insurance claims can result in higher premiums, as it suggests that your business may be more likely to experience accidents or incidents in the future
Deductible: Choosing a higher deductible can lower your premiums, as you will be responsible for paying a larger portion of any claims that arise
Here’s another table showing the canoe and kayak rental business insurance cost of the best companies as determined by their $1 million general liability coverage.
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $11 | $132 | Best overall; Fastest general liability insurance for canoe and kayak rentals |
| Tivly | $30 | $360 | Small businesses that only need coverage for a short period, or that have lower risk exposures |
| Hiscox | $30 | $360 | Canoe and kayak rental insurance with automatic renewal |
| CoverWallet | $40 | $480 | Comparing canoe and kayak rental insurance quotes online |
| The Hartford | $45 | $540 | Established canoe and kayak rental businesses looking for comprehensive insurance coverage and specialized industry expertise |
| Thimble | $47 | $564 | Receiving quotes for canoe and kayak rental insurance via phone call |
Bundling policies: Many insurance providers offer discounts for businesses that bundle multiple policies, such as General Liability Insurance and Property Insurance.
Safety measures: Implementing safety measures, such as employee training programs and equipment maintenance protocols, can help reduce the risk of accidents and injuries, which can lower insurance premiums.
Risk management: Mitigating risks and preventing accidents and incidents can help lower insurance costs.
Get all the best quotes from leading providers in a click of a button!
When it comes to choosing the best insurance company for your canoe and kayak rental business, there are several options to consider. Here are some of the choices. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance:
25% discount for bundling different products
Instant access to the insurance certificate
A+ rating from the Better Business Bureau (BBB)
Highly rated by customers on multiple review sites
Couldn’t find any
NEXT is a technology-driven company providing small business insurance solutions. It was founded in 2016 and is headquartered in Palo Alto, California. Next offers a range of insurance products, including general liability insurance, professional liability insurance, commercial auto insurance, and workers' compensation insurance.
Best for: Best overall; Fastest general liability insurance for canoe and kayak rentals
Average cost: $11 per month
Our rating: 10/10
Customized insurance packages based on the needs of the business.
Easy-to-use digital platform for purchasing and managing insurance policies.
Multiple insurance carriers to choose from.
Access to licensed insurance agents for expert guidance.
Quick and easy online application process.
Ability to add or modify policies as the business needs change.
Not an insurance company but an insurance broker
CoverWallet is a digital insurance platform founded in 2015 that offers various insurance products for small businesses. They offer bundled insurance options for better protection, including the option to bundle canoe and kayak rental insurance with general liability insurance. This can provide more comprehensive coverage for businesses and help protect against a wider range of risks.
Best for: Comparing canoe and kayak rental insurance quotes online
Average cost: $40 per month
Our rating: 10/10
High financial strength ratings from major rating agencies.
Provides a wide range of insurance products for businesses.
Offers specialized coverage for various industries, including canoe and kayak rental businesses.
Offers discounts for bundling multiple insurance policies.
Higher premiums compared to some other insurance companies.
The Hartford is an American insurance company founded in 1810 and headquartered in Hartford, Connecticut. They have a high policy limit allowing you to cover more if you need it.
Best for: Established canoe and kayak rental businesses looking for comprehensive insurance coverage and specialized industry expertise
Average cost: $45 per month
Our rating: 10/10
Flexible policies: Thimble allows businesses to purchase insurance coverage by the hour, day, or month, which can be useful for seasonal or on-demand businesses like canoe and kayak rentals
If you terminate an insurance agreement, you can receive reimbursement
It is not possible to contact customer service through a phone call
Thimble is a digital insurance provider that offers on-demand insurance policies for various small businesses. The company was founded in 2016 and is headquartered in New York City. Thimble offers short-term insurance.
Best for: Small businesses that only need coverage for a short period, or that have lower risk exposures
Average cost: $47 per month
Our rating: 9/10
Get insurance quotes for canoe and kayak rentals over the phone and compare them
Customize your insurance coverage according to your needs
Receive prompt and helpful customer service
If they can't offer you the necessary coverage, it will connect you with partner insurance providers.
No online quoting
Tivly is a relatively new entrant in the insurance market, founded in 2019. It operates as a digital platform that provides on-demand insurance for various small businesses, including canoe and kayak rental businesses. Tivly offers a range of customizable insurance policies that can be purchased online, making it easy and convenient for small business owners to obtain the coverage they need. Call now to compare quotes over the phone.
Best for: Receiving quotes for canoe and kayak rental insurance via phone call
Average cost: $30 per month
Our rating: 8/10
14-day refund policy with money-back
Offers a variety of additional resources and tools to help businesses manage risk and prevent incidents
Small business-focused
Experts with liability insurance
Coverage options not available in Alaska
Hiscox is a global insurance company that was founded in 1901 in Bermuda. The company offers a wide range of insurance products to businesses of all sizes, including canoe and kayak rental businesses. Hiscox operates in 14 countries and has over 3,000 employees worldwide. They offer customizable insurance policies that can be tailored to meet the specific needs of each business.
Best for: Canoe and kayak rental insurance with automatic renewal
Average cost: $30 per month
Our rating: 8/10
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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