Paddleboard Rental Business Insurance: Cost & Quotes From $25/mo

Table of contents

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. 

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


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.


Coverage Limits  of General Liability Insurance for Paddle Board Rentals

The coverage limits for general liability insurance 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

  • 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

Add-Ons to General Liability Insurance for Paddle Board Rentals

  • 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

Does General Liability Insurance Cover Injuries Paddle Board Renters?

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

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.

Specific Situations Covered by This Insurance

  • 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

Coverage Limits of Product Liability Insurance for Paddleboard Rentals

Product liability insurance coverage limits typically range from $1 million to $5 million.


Add-Ons to Product Liability Insurance for Paddleboard Rentals

  • 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 insuranceThis coverage covers rental paddleboards and equipment from theft, loss, or damage while in use by customers, including unintentional damage

Does Product Liability Insurance Cover Injuries Cause by Customer Misuse of Paddle Boards?

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.

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Commercial Property Insurance for Paddleboard Rentals

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

Coverage Limits of Commercial Property Insurance for Paddleboard Rentals

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.


Add-Ons to Commercial Property Insurance for Paddleboard Rentals

  • 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

Does Commercial Property Insurance Cover Damage to Paddle Boards Caused by Extreme Weather Conditions?

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.


A man touching his dog on the paddle board.


Business Owner’s Policy for Paddleboard Rentals

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.


Coverage Limits of Business Owner’s Policy for Paddleboard Rentals

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.

Add-Ons to Business Owner’s Policy for Paddleboard Rentals

  • 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

Can a Business Owner’s Policy Cover Injuries to Employees While Conducting Paddle Board Lessons?

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.

Tools and Equipment Insurance for Paddleboard Rentals

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. 


Add-Ons to Tools and Equipment Insurance for Paddleboard Rentals

  • 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

Coverage Limit of  Tools and Equipment Insurance for Paddleboard Rentals

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


Why You Should Acquire Tools and Equipment Insurance for Your Paddleboard Rental Business?

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

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.


Coverage Limit of Workers Compensation Insurance for Paddleboard Rentals

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.


Add-Ons to Workers Compensation Insurance for Paddleboard Rentals

  • 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

Importance of Workers Compensation Insurance for Paddleboard Rentals

  • 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 for Paddleboard Rentals

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.


Coverage Limit of Excess Liability Insurance for Paddleboard Rentals

A typical excess liability insurance policy for paddleboard rentals might have a coverage limit of $1 million to $5 million.

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Paddle Board Rental Insurance Cost

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

Compare Cheap Paddleboard Rental Insurance Quotes Online

Get all the best quotes from leading providers in a click of a button!

Best Paddleboard Rental Insurance Companies

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:


NEXT Paddleboard Rental Insurance

Pros

  • 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

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 Paddleboard Rental Insurance

Pros

  • 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

Cons

  • 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


The Hartford Paddleboard Rental Insurance

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

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


Tivly Paddleboard Rental Insurance

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

  • 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


Thimble Paddleboard Rental Insurance

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

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


Hiscox Paddleboard Rental Insurance

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

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

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