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.
NEXTÂ | 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.Â
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
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
Decent experience with Hiscox business insurance
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
Fastest ever online insurance quote and purchase! Also, great rates and professional customer reps that helps with whatever you need, if you need. Nice company!
Embroker sells a product that it doesn't honor. We purchased a combination D&O and EPLI policy. However, when it came to renewal, it told us that we only had D&O coverage even through our ACCORD certificate clearly mentions we have both. Basically they refused to honor the EPLI coverage and will leave you hanging with the bag. At time of renewal, they more than doubled our quote to get similar coverage. Basically BAIT & SWITCH. Unacceptable tactics. Easy to buy and pay but you may not be... Read More
Great platform. Terrible policy. There is no teeth behind it. No coverage. It's a fake policy that they sell. Sold us an EPLI policy that later we came to find out had no EPLI coverage. Amazing that they can get away with outright fraud. Check the positive reviews. They are all 'Anonymous' posted by Emroker staff. Stay away and find a real policy that will actually provide you coverage. We've been bitten by them and hope to find restitution via a lawsuit.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
It has been 70 days since I made a claim on the roof of my building. No one from the company will return calls. We are in hurricane season and located in Louisiana. My building is tarped to secure it.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
They are the worst, my truck was hit in January 23 and the claim adjuster has not been out to this very day! They have every excuse in the book as to why. They have not been to the collision shop. PLEASE AVOID THESE SCAM ARTIST!
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Avoid these SCAM ARTISTS! They don’t pay claims!!! Save yourself the trouble and money!
Kasey Arey Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
This company gives you a price that was in place for a year and when you have to use it there is fine print were they can go back and charge you more. Would not recommend them to any one. Crooks
John Murphy Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Worst insurance comapny I have ever dealt with. A commercial vehicle represented by GUARD t boned my wife and daughters family vehicle in the middle of the day. Driver was cited and insurance claim insued. Fast forward 4 months and refusal of full amount of claim is still happening. Driver was found guilty, repairs started on my vehicle and when it comes to the final bill and diminished value we cannot get any help. I am out a family car, have an injured and traumatized wife and children,... Read More
Harshadray Patel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Extremely bad service, when you call , will make you wait on the phone for ever (over an Hour) and still no one to answer , so you end up hanging up. To cancel the policy, bounce you from one department to the other. They are supposed to refund from the date other insurance started and after sending the proof of other insurance policy, still they did not refund based on that actual date instead they use the date i managed to get hold of them. They charged me $7000.00 for a year's insurance on... Read More
Aaron Wensel Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
Guard Insurance is terrible. They were so bad I cancelled them because them couldn't figure out why I would never get a paper copy of the bill . Verified my address with them and still intermittent billing. I cancelled them in March through my local broker. Today 6/27 I get a letter in the mail from a collections company saying I owe 87.97. This was the first myself or my broker heard of owing this money. Here is some advice for this failure of a company send me a god damn bill and I will pay.... Read More
Michael Swink Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
My employer had to have workers compensation by law. He obtained a policy through this Berkshire Hathaway GUARD and they failed me. I fell from a ladder and fractured my spine in 7 different places, my clavicle in 4 places, and the base of my skull. Going to my Dr visits I was prescribed medication for pain and the insurance company placed a pre-authorization hold on me picking up the medication from Walgreens. The hold lasted 5 days! My weekly benefits have never been on time, right now... Read More
Liberty Mutual is one of the more simple companies to deal with. I had to file a claim for my business owner policy after I caught one of my employees stealing a large amount of products from my business. Liberty mutual paid the claim fast and with no efforts. I wish the legal process was as easy…
For me this company has proven to be the best to do business with and worth my hard earned money. Contractors this is your company look no further.
Decent experience with Hiscox business insurance
Very pleased with Hiscox - their small business insurance rates are very good and they specialize in small business which gives me a peace of mind as a small business owner. So far so good!
Their customer service is absolutely fantastic. Very patient, knowledgable and provided excellent explanation of the purchased policy. I would highly recommend this insurance company to anyone that's looking to protect their business from unexpected expense. Thank you Hiscox for doing a great job for my business!
STAY AWAY! I wouldn't recommend hiscox small business liability insurance to anyone. Better not waste both your money and your time. Hiscox customer service is extremely unpleasant, not organized and not professional. It is the worst company we have dealt with in almost 25 years in business!
Good company. Good and knowledgable customer service. If they don't know something they will pass you on to a more experienced rep that is more knowledgable. So far so good.
Extremely fast and simple. Wasted a lot of time and money until I found these guys! I feel like my business is in good hands now.
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
Great experience
Didn't relate to the concept much, but it makes sense if you need insurance to go
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
Excellent concept which is useful to many small businesses!
Been waiting for this type of solution for a long time!
Love their business insurance solutions for freelancers! Great app!