Paddleboard Rental Business Insurance: Cost & Quotes

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Updated: March 30, 2025 . 8 min read

Written by Ofir Sahar

CEO & Founder

Ofir Sahar

CEO & Founder

Some of the products on this page come from partners who may compensate us when you click on their links or take specific actions. This helps us keep our content free. That said, our opinions are our own and based on independent analysis.

 

paddleboards are better than kayaks and canoes making them preferable to many.  A paddleboard rental business lets consumers hire paddleboards for an hour or a day. 

Like any business, paddleboard rental has risks. A neighboring boat rental company might sue for damages because one of your clients hit a boat while cruising on the beach or lake. That’s where paddle board liability insurance comes in Whether you are running a paddle board rental or SUP business, insurance is critical for covering liability and property-related risks.

This article discusses various policies, the cost of premiums, and the best companies. 

General Liability Insurance for Paddle Board Rentals

CoverWallet  NEXT (Best) Thimble Hiscox The Hartford
Per occurrence limit  $1,000,000 $1,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Aggregate limit  $2,000,000 $2,000,000 $1,000,000/$2,000,000 $2,000,000 $1,000,000/$2,000,000
Products and completed operations aggregate limit  $2,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Advertising injury coverage aggregate limit  $1,000,000 $1,000,000 $2,000,000 $1,000,000 $1,000,000
Tenant’s legal liability coverage limit  $300,000/$1,000,000 $300,000 $100,000 $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 No Can be included Can be included
Equipment breakdown floater included? No  Yes Yes Can be included Can be included
Can you get a certificate of insurance online? Yes Yes Yes Yes Yes
Name additional insureds? Yes Yes Yes Yes Yes
Deductible $0 $0 $0 $0 $0

Public liability insurance for paddle boarding is essential for businesses that rent paddleboards, covering potential third-party claims for injuries or damages.

In light to that, General liability insurance is a fundamental policy that covers potential third-party claims involving bodily injury, property damage, advertising, or personal injury. It protects paddle board rental businesses from common risks and accidents.

General liability insurance acts as 3rd party paddle board insurance, protecting your business from lawsuits due to accidents involving customers.

The coverage limits  typically range from $1 million to $5 million, depending on the needs of the business.

Specific Situations Covered by This Insurance

  • General liability insurance can cover medical bills, legal fees, and settlements or judgments if a paddle board renter is injured due to a defect or business negligence
  • Rental paddle boards can harm personal property, watercraft, and docked vessels. General liability insurance covers repairs and replacements
  • Third party insurance for paddle boarding covers legal claims and settlements if a paddleboard renter causes property damage or bodily injury
  • Obtaining paddle board public liability insurance ensures that your business is safeguarded against common risks like property damage and injuries.

 

Commercial Property Insurance for Paddleboard Rentals

Commercial property insurance for paddle boards safeguards the physical assets of your paddle board rental business, including the building, equipment, and inventory. The following are specific situations covered by this insurance:

  • Fire
  • Theft
  • Vandalism
  • Weather
  • Lightning 
  • Sinkhole collapse

The coverage limits for commercial property insurance depend on the value of your business assets and the level of protection you choose. However, the range can be between $50,000 and $3 million.

CoverWallet NEXT (Best) Thimble Hiscox The Hartford
Building coverage limit (minimum) $50,000 $260,000 $25,000/$500,000 $25,000 $60,000
Contents coverage limit (minimum) $50,000 $22,000 $25,000/$500,000 $25,000 $60,000
Outdoor signs Excluded $2,500 Excluded Excluded Excluded
Accounts receivable  Excluded Excluded $5,000/10,000 Included Excluded
Money and securities Excluded $2,500 $1,000 Included Excluded
Lock and keys  Excluded $2,500 Excluded Excluded Excluded
Business interruption floater Excluded Included Included Included Excluded
Equipment breakdown floater Excluded Included Excluded Excluded Excluded
Inland marine insurance floater Excluded Excluded $10,000 Excluded Excluded
Employee dishonesty floater Excluded $5,000 $2,500 Included Excluded

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Business Owner’s Policy for Paddleboard Rentals

A BOP provides comprehensive paddle board business insurance, combining both liability and property coverage for a cost-effective solution.

 It typically includes general liability insurance and commercial property insurance, providing a cost-effective solution for comprehensive coverage.

A business owner’s policy (BOP) for paddleboard rentals typically includes general liability coverage of $1 million to $2 million per occurrence and property coverage of $10,000 to $50,000, depending on the insurance provider and policy terms.

CoverWallet Thimble (Best) NEXT  Hiscox The Hartford
General liability aggregate limit  $2,000,000 $2,000,000 $2,000,000 $300,000 $1,000,000/$2,000,000
Commercial property coverage limit  $50,000 $500,000 $260,000 $25,000 $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

Tools and Equipment Insurance for Paddleboard Rentals

Tools and equipment insurance for paddleboard rentals protects the rental business owner from financial loss or damage to their paddleboards and equipment. Paddleboard rental firms need this insurance to cover theft, damage, and loss of rented equipment. 

Paddleboard rental tools and equipment insurance coverage limits vary by insurance provider and equipment value. The limit can range from $5000 to $3 million.

NEXT  Thimble Hiscox The Hartford
Aggregate limit $3,000/$10,000 $2,500/$5,000 $15,000/$25,000 $5,000-$10,000
Covers hired and borrowed equipment? $3,000/$10,000 $2,500/$5,000 No Yes
Miscellaneous equipment also covered? $5,000/$10,000 No Yes Yes
Offered as an endorsement to general liability insurance? Yes Yes Yes Yes
Deductible $500 $500 $0 $0

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Workers Compensation Insurance for Paddleboard Rentals

Paddleboard rental companies need workers’ comp. It protects business owners and employees from work-related injuries and diseases. This insurance covers medical expenditures, missed earnings, and rehabilitation for injured workers.

Worker’s compensation insurance limits vary by policy and state. Medical, rehabilitation, lost income, and disability compensation are usually included. The limit usually starts from $1 million to $ 5 million depending on the policy or state.

 

Paddle Board Rental Insurance Cost

The average paddle board rental insurance cost is $30 per month or $360 per year. Factors that affect premiums are claims history, business history, policy limits, deductibles, and location. 

Cost per Month Cost per Year Deductible
General liability insurance $30 $360 $0-$500
Professional liability insurance $40 $480 $1,000-$2,000
Commercial property insurance $50 $600 $1,000-$2,000
Business owner’s policy $70 $840 $1,500
Tools and equipment insurance $36 $432 $500-$1,000
Commercial auto insurance $55 $660 $500-$1,000
Workers compensation insurance $82 $984 $2,500-$5,000
Excesss liability insurance $39 $468 $500-$1,000

Compare Cheap Paddleboard Rental Insurance Quotes Online

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Best Paddleboard Rental Insurance Companies

NEXT Insurance

NEXT is a reputable insurance provider known for offering comprehensive stand up paddle board insurance for businesses. This company’s general liability, commercial property, business owner’s policy, and other coverage options are available online. 

Average cost: $21 per month 

Our rating: 10/10Pros

  • Best overall
  • Issues an online proof of insurance instantly
  • Fastest general liability insurance for paddleboard rentals
  • Great customer service and reputation
  • Excellent rates
  • Outstanding value for money
  • Get a 10% discount if you buy two or more policies 

Cons

  • Couldn’t find any

CoverWallet Insurance

CoverWallet is a highly regarded insurance provider that stands out for its streamlined online application process, making it a preferred choice for businesses seeking  comprehensive insurance solutions. This company sells general liability, commercial property, commercial auto, product liability, and others with partners. 

Average cost: $23 per month

Our rating: 10/10

Pros

  • offers a free insurance assessment that can help you determine the insurance coverage that best suits your paddle board rental business
  • easy to keep track of your coverage, make payments, and file claims
  • With licensed insurance agents available to assist you, you can receive help understanding your policies and coverage

Cons

  • As a broker, CoverWallet does not provide insurance directly; you must rely on its partner insurance companies to offer the coverage you need

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The Hartford Insurance

The Hartford is worth considering for businesses seeking comprehensive paddle board rental insurance. This company underwrites general liability, workers compensation, commercial property, and business owner’s policy. Hiscox can create specialized solutions if you’re a high risk customer. 

Average cost: $27 per month

Our rating: 10/10

Pros

  • Above-average customer satisfaction ratings for auto insurance
  • Free benefits, such as new car replacement, included with AARP auto insurance policies
  • Renowned company for workers compensation insurance

Cons

  • Some customers have reported slower claims processing times

Tivly Insurance

Tivly offers competitive monthly prices, providing insurance solutions tailored to the specific needs of paddleboard rental businesses. With comprehensive coverage options, Tivly ensures peace of mind for owners in protecting their paddleboard rental ventures. 

Average cost: $29 per month

Our rating: 8/10

Pros

  • Innovative insurance solutions designed specifically for the needs of paddleboard rental businesses
  • Flexible coverage options that can be customized to meet individual requirements
  • User-friendly online platform for quick and convenient policy management

Cons

  • Pricing may vary depending on business size, location, and coverage needs.

Thimble Insurance

Thimble offers flexible coverage options designed for the unique needs of businesses. With their on-demand policies and quick application process, Thimble Insurance provides convenient and tailored insurance solutions for paddleboard rental businesses.

Average cost: $31 per month

Our rating: 8/10

Pros

  • Flexible coverage options tailored to specific business needs, allowing you to customize your insurance policy
  • Instant coverage activation with digital certificates, providing immediate proof of insurance
  • Transparent pricing and no long-term commitment offer small businesses affordability and flexibility

Cons

  • Coverage availability may vary by location and business type, limiting accessibility for certain industries or regions

Hiscox Insurance

Hiscox provides specialized insurance for paddle board business, offering comprehensive coverage to protect against risks and liabilities unique to the industry. With their tailored policies, paddle-board business owners can ensure the security and success of their operations.

Average cost: $34 per month

Our rating: 8/10

Pros

  • Convenient online quote and policy purchase process
  • Potential for discounts up to 5% when bundling multiple Hiscox products
  • Professional liability coverage extends to work performed globally
  • 14-day money-back refund policy

Cons

  • No coverage offered in Alaska

 

About the author

Ofir Sahar

Ofir is the founder and CEO of Insuranks. He established Insuranks in 2019 from scratch and has been running educational insurance websites since 2009 on a mission to help businesses...See full bio.

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