Some look for mobility and use paddleboards, which are better than kayaks and canoes.
A paddleboard rental business lets consumers hire paddleboards for an hour or a day. Like any business, paddleboard rental has hazards. A neighboring boat rental company might sue for damages because one of your clients hit a boat while cruising on the beach or lake. Inherent defects in your paddleboard might also result in customer injuries.
Insurance covers property damage, personal harm, legal fees, and other potential responsibilities from accidents or unforeseen events. Paddleboard rental companies can focus on client safety and satisfaction by obtaining insurance for paddle board business. Here’s a guide that discusses the available policies, the cost of premiums, and the best companies.
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 |
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.
The coverage limits for general liability insurance typically range from $1 million to $5 million, depending on the needs of the business.
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
General liability insurance can cover medical costs and legal claims if a customer slips, trips, or falls on leased property
General liability insurance may cover business advertising or promotional materials that defame libel or slander
Product liability insurance–This is essential if your paddleboard rental business also sells paddleboards or related products. It protects you from liability claims arising from injuries or property damage caused by defective products you sell
Additional insured coverage–This can extend your general liability insurance coverage to other individuals or entities. By adding them as additional insured parties, you provide them with coverage under your policy
Yes, general liability insurance can cover injuries sustained by paddle board renters. Suppose a customer or third party suffers bodily injury while using your paddle board rental services and files a claim. Your general liability insurance can cover medical expenses and legal fees in that case.
Product liability insurance for paddleboard rentals is a necessity for a paddle board business. It protects against claims from injuries or damages caused by the paddle boards, providing coverage for manufacturing defects, design flaws, and inadequate warnings. With this insurance for paddle board business, the owner can safeguard their operations and assets, ensuring the safety and satisfaction of their customers.
Accidental injuries–Product liability insurance can cover medical bills, legal fees, and potential settlements or judgments if a paddleboard renter is harmed by a flaw
Equipment malfunctions–Product liability insurance can cover the costs of a defective paddleboard that damages or injures a renter
Design defects–If a paddleboard has a design problem that renders it unsafe or prone to accidents, product liability insurance can cover claims for injuries or losses.Failure to warn–Product liability insurance can cover claims if a paddleboard rental company fails to warn customers about paddleboarding risks and they are injured
Negligence–If the paddleboard rental firm or its workers are negligent in maintaining or checking the equipment, product liability insurance may cover injuries or damages
Product liability insurance coverage limits typically range from $1 million to $5 million.
Product recall coverage–This helps mitigate the financial impact of a product recall. It covers expenses related to notifying customers, retrieving and replacing the affected paddleboards, and managing the overall recall process
Rental equipment insurance–This coverage covers rental paddleboards and equipment from theft, loss, or damage while in use by customers, including unintentional damage
Product liability insurance generally covers injuries caused by defects or faults in the paddle boards. However, it may not cover injuries resulting from customer misuse or negligence. Proper instruction and warning labels are essential to mitigate such risks.
Get all the best quotes from leading providers in a click of a button!
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 |
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.
Equipment breakdown coverage–This covers repairing or replacing essential equipment used in your paddleboard rental business in the event of mechanical breakdown
Outdoor property coverage–This protects outdoor storage areas or structures from risks such as theft, vandalism, or damage caused by weather events
Yes, commercial property insurance can cover damage to paddle boards caused by extreme weather conditions such as storms or hurricanes. However, reviewing the policy terms and conditions is essential to ensuring that specific weather-related risks are covered.
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 |
A business owner’s policy (BOP) combines multiple insurance coverages into a single package tailored to the needs of small businesses. 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.
Business interruption insurance–This helps cover lost income and operating expenses if your business is temporarily closed due to a covered event, such as a fire or natural disaster
Cyber liability insurance–This can cover data breach expenses, including notification costs, credit monitoring, and legal fees
A business owner’s policy does not typically cover injuries to employees. Instead, workers’ compensation insurance is designed to provide coverage for work-related injuries and illnesses. Paddle board rental businesses need workers’ compensation insurance to protect employees and the business.
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 |
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.
Replacement cost cooverage–This covers paddleboards and equipment at full replacement cost, not just depreciated value. It ensures that the organization can affordably replace damaged or stolen equipment with new, comparable goods
Paddleboard rental tools and equipment insurance coverage limits vary by insurance provider and equipment value. The limit can range from $5000 to $3 million.
Paddleboard rental firms need tools and equipment insurance. It covers liability including theft, damage, and accidents involving hired equipment. Rental firms can:
Safe guard your investment–Paddleboards and accessories are pricey. Insurance protects the firm from financial loss if rented equipment is damaged or destroyed
Maintain business continuity–Equipment loss or theft may force a rental business to stop operations. Tools and equipment insurance with business interruption coverage helps businesses quickly recover and resume operations by covering ongoing expenses and lost income
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 wlimits 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.
Employer’s liability insurance–Supplements Workers’ Compensation Insurance. It covers legal fees if an injured employee sues the business owner for carelessness or harmful work conditions
Business interruption insurance–If a fire or natural calamity forces the paddleboard rental business to close, this add-on covers lost income and ongoing expenses
Employee protection–Workers compensation insurance aids injured or ill workers. Paddleboard rental workers may fall or strain. Workers compensation supports medical care, rehabilitation, and lost income, ensuring employee health and financial security
Legal compliance–Most states require employers to have workers compensation insurance. Uninsured businesses may be penalized or sued. Workers compensation keeps paddleboard rental firms lawful
Financial protection–Workplace injuries and diseases are expensive. Paddleboard rental companies without workers’ compensation insurance may be liable for injured workers’ medical bills, rehabilitation, and lost wages. This can bankrupt small enterprises. Workers compensation insurance covers the business’s financial obligations
Business reputation and stability–Workers compensation insurance suggests a paddleboard rental firm cares about employee safety and well-being. Protecting employees attracts customers. Workers compensation insurance decreases financial risks from workplace injuries, guaranteeing organizational stability
Excess liability insurance is a coverage that provides additional liability protection beyond the limits of a primary insurance policy for businesses that offer paddleboard rentals. It is designed to protect the rental business from financial loss in case of accidents, injuries, or property damage during the rental period.
A typical excess liability insurance policy for paddleboard rentals might have a coverage limit of $1 million to $5 million.
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 |
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. Here’s a table showing the rates of the best companies for a $1 million general liability policy:
Cost per Month | Cost per Year | Best for | |
---|---|---|---|
NEXT | $21 | $252 | Best overall; Fastest general liability insurance for paddleboard rentals |
The Hartford | $27 | $324 | Industry expertise and specialized coverage |
CoverWallet | $23 | $276 | Comparing paddleboard rental insurance quotes online |
Tivly | $29 | $348 | Comparing paddleboard rental insurance quotes over the phone |
Thimble | $31 | $372 | On-demand coverage and flexible policies |
Hiscox | $34 | $408 | Customized coverage for unique business needs |
Get all the best quotes from leading providers in a click of a button!
When securing insurance for your paddleboard rental business, choosing a reputable provider with comprehensive coverage options, exceptional customer service, and competitive pricing is crucial.
Here are some top-rated insurance companies specializing in insurance for paddle board businesses. Read some of the reviews below to know their pros, cons, and average rate for a $1 million general liability insurance:
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
Couldn’t find any
NEXT is a reputable insurance provider known for its comprehensive coverage options, making it an excellent choice for businesses. This company’s general liability, commercial property, business owner’s policy, and other coverage options are available online. What makes NEXT good is that you can get a certificate of insurance anytime through its mobile app.
Best for: Best overall; Fastest general liability insurance for paddleboard rentals
Average cost: $21 per month
Our rating: 10/10
CoverWallet offers a free insurance assessment that can help you determine the insurance coverage that best suits your paddle board rental business
You can manage all of your insurance policies in one place, making it 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
CoverWallet allows you to get instant quotes from multiple insurance providers, making it easy to find affordable coverage for your business
As a broker, CoverWallet does not provide insurance directly; you must rely on its partner insurance companies to offer the coverage you need
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.
Best for: Comparing paddleboard rental insurance quotes online
Average cost: $23 per month
Our rating: 10/10
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
Some customers have reported slower claims processing times
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.
Best for: Industry expertise and specialized coverage
Average cost: $27 per month
Our rating: 10/10
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
Relatively new in the insurance market, with fewer customer reviews and testimonials available
Pricing may vary depending on business size, location, and coverage needs.
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. Call now to compare quotes over the phone.
Best for: Comparing paddleboard rental insurance quotes over the phone
Average cost: $29 per month
Our rating: 8/10
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
Coverage availability may vary by location and business type, limiting accessibility for certain industries or regions
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.
Best for: On-demand coverage and flexible policies
Average cost: $31 per month
Our rating: 8/10
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
No coverage offered in Alaska
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.
Best for: Customized coverage for unique business needs
Average cost: $34 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
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
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.
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
Not recommended, worst company I've dealt with. Denying claims regularly.
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!
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.
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
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
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
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.
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…
Highest level of plan and customer service
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
Best insurance ever
Coolest concept, I wish this was applied to other insurance products too.
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.
My experience with AAA's business insurance was fairly good. Customer service is excellent, coverage is broad, claims process was efficient. I do recommend them.
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
highly recommended!
Chubb provides business insurance coverage for all size of businesses, from small local ones to huge multinational corporates, they are very fast to respond to your claims, their business insurance coverage is very advanced while being tailored to your needs, aka covering you from all sides without over-covering you to make you pay more like some companies do. I'm a very satisfied customer.
Very annoyed in 2020 they do not offer online quotes, however they are great at everything else. The coverage is amazing, customer service is world class, value of money is great (even when their rates are not the cheapest), fast and excellent handling of claims, very dedicated and business focused. The only other issue is since they cover all types and sizes of businesses, they do not seem to specialize in any of them specifically.