Insuranks
Insuranks

Jet Ski Rental Insurance: Cost & Quotes From $11/month

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

For your best business protection and savings, we recommend bundling GL with some other important coverages on one Business Owners Policy!

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If you run a jet ski rental business, you are in for a handsome profit on top of the excitement that comes with being in on the action. 

Unfortunately, beyond the fun times, there lies real risk of tragedy which could be devastating for you and your business. Just like boats, jet skis are dangerous machines that could cause injuries or even kill people. So how do you stay prepared? The simple answer is jet ski rental insurance. This protects your finances, reputation, and business in the event that an accident happens. 

The jet ski rental company insurance covers your business from the costs resulting from Jet ski collisions, accidents including striking swimmers, wave jumping accidents, jet ski failure, and others. Overall, getting this policy is your best bet at avoiding the complete closure of your business once the unexpected happens.

Jet Ski Rental Liability Insurance 


CoverWallet ThimbleNationwideProgressiveAllstate
Per occurrence limit $1,000,000$1,000,000/$2,000,000$1,000,00/$2,000,000$1,000,000$1,000,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000/$2,000,000$2,000,000$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 $1,000,000
$5,000$100,000$100,000$100,000
Waiver of subrogation included?YesIncludedExcludedExcludedExcluded
Hired/non-owned auto liability coverage included?YesExcludedExcludedExcludedExcluded
Equipment breakdown floater included?No YesExcludedExcludedExcluded
Can you get a certificate of insurance online?YesYesYesYesYes
Name additional insureds?YesYesYesYesYes
Deductible$0$0$0$0$0

 

An essential component of your jet ski rental insurance package is a general liability policy. Having this is very important as jet ski accidents are quite common

Use the table above to compare the general liability insurance of companies we recommend. 

This would cover you if someone were to be injured while on your rental jet ski. If they were to sue you and you were found to be at fault, the general liability insurance for jet ski rental would pay for the medical bills and any other costs that arise from the claim.

Here are a couple of scenarios where jet ski rental liability insurance would come in handy:

  • A jet ski you've rented to a customer malfunctions and crashes at boats docked near the beach

  • A jet ski customer loses control of the jet ski by going too fast and hits a swimmer resulting in a major injury

 

Overall, general liability insurance for a jet ski rental business covers the following:

  • Property damage

  • Physical injury

  • Legal costs


Professional Indemnity Insurance for Jet Ski Rental Businesses


CoverWallet Thimble (Best)ProgressiveNationwide
Per occurrence limit $1,000,000$1,000,000/$2,000,000$1,000,000$500,000
Aggregate limit $2,000,000$1,000,000/$2,000,000$1,000,000$1,000,000
Name additional insureds?YesYesYesYes
Waiver of subrogation included?YesYesNoNo
Deductible $500$500$500$50/$10,000

 

 

Other than general liability insurance, consider getting professional indemnity insurance for jet ski rental business.  

Professional indemnity insurance grants coverage in case clients file a claim for negligence, breach of contract, violation of fair dealing, etc. Here are some situations where this jet ski rental company insurance is useful:

  • A customer who's rented a jet ski claims molestation during instruction on how to use the jet ski

  • One of your employees fails to properly instruct the customer on how to operate the jet ski. The customer gripped the accelerator too hard, and this caused a whiplash that resulted in a minor neck injury

  • A customer complained that your business was overcharging for its rental services and demanded reimbursement 

 

Use the table above to compare the professional indemnity insurance of companies we recommend for jet ski rental businesses. 

Professional indemnity insurance is available as an occurrence or claims-made policy. We suggest going for the occurence variety because it provides coverage during and after the policy duration expires. 


Cyber Liability Insurance for Jet Ski Rental Businesses

Some jet ski rental businesses leverage a mobile app or website to market their services, schedule rentals, and collect payments from customers. If this applies to you, consider getting cyber liability insurance. 

A data breach can happen anytime. And as a result, the information of customers you collected might end up in the hands of cybercriminals and be used for malicious purposes. 

Cyber liability insurance helps to solve the resulting problems in such a situation. It takes care of the extra expenses for:

  • Data breach containment

  • Customer notification

  • Data recovery

  • Legal defense costs if affected customers file a claim

  • Business interruption


It’s easy to get cyber liability insurance for your jet ski rental business. Insurance companies allow you to get this as a stand-alone policy or as an optional coverage to general liability insurance. 


Environmental Pollution Liability Insurance for Jet Ski Rental Businesses

Just like with any other watercraft, jet skis can cause oil spillage. Your business might be required to cover the expenses needed for reversing the resulting damage to the environment and wildlife. 

You can avoid paying for the costs yourself by buying environmental pollution liability insurance. The coverage of this liability insurance for jet ski rental takes effect when your jet ski causes an oil spill due to:

  • Engine defects

  • Accidents

  • Sinking

  • Operator error

Compare Cheap Jet Ski Rental Insurance Quotes Online

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

Commercial Property Insurance for Jet Ski Rental Businesses


CoverWalletThimble (Best)AllstateNationwideProgressive
Building coverage limit (minimum)$50,000$25,000/$500,000$50,000$25,000$50,000
Contents coverage limit (minimum)$50,000$25,000/$500,000$25,000$25,000$30,000
Outdoor signsExcludedExcludedExcludedExcludedExcluded
Accounts receivableExcluded$5,000/$10,000IncludedIncludedIncluded
Money and securitiesExcluded$1,000IncludedIncludedIncluded
Lock and keysExcludedExcludedExcludedExcludedExcluded
Business interruption floaterExcludedIncludedIncludedIncludedIncluded
Equipment breakdown floaterExcludedExcludedExcludedExcludedExcluded
Inland marine insurance floaterExcluded$10,000ExcludedExcludedExcluded
Employee dishonesty floaterExcluded$2,500IncludedIncludedIncluded


A jet ski rental business is one of those businesses that’s impossible to operate without a physical space. That said, you need a dedicated building, a rented commercial space, or a small open lot with a small office space for smooth operations.

Commercial property insurance allows you to cover any physical space that your jet ski rental business operates. This jet ski and waverunner rental insurance will take care of financial losses if the physical space gets damaged or destroyed because of:

  • Fire

  • Theft

  • Vandalism

  • Lightning

  • Weather

  • Malicious mischief

  • Sinkhole collapse

  • Aircraft

  • Falling objects

  • Vehicle

  • Impact

  • Volcanic action


Aside from your jet ski rental’s physical space, commercial property insurance also takes care of valuable papers and records, furniture, jet ski replacement parts, the jet skis, cash registers, computers, signage, and other precious items.

However, understand that coverage only applies if something happens while such items are within the premises of your jet ski rental business.

Use the table above to compare the commercial property insurance of companies we recommend for jet ski rental business.


Business Owner’s Policy for Jet Ski Rental Businesses


CoverWalletThimble (Best)AllstateNationwideProgressive
General liability aggregate limit$2,000,000$1,000,000/$2,000,000$2,000,000$1,000,000/2,000,000$2,000,000
Commercial property coverage limit$50,000$25,000/$500,000$25,000$25,000$30,000
Optional policies can be added?YesYesYesYesYes
Name additional insureds for free?YesYesYesYesYes


A business owner’s policy combines general liability and commercial property insurance. That said, this is the only type of commercial jet ski rental insurance that grants protection against legal liabilities and commercial losses at the same time.

Some insurance companies offer a business owner’s policy automatically the moment you request for general liability and commercial property insurance quote. Others, on the flip side, leave it up to you to decide whether or not to bundle general liability and commercial property insurance into a business owner’s policy.

The premiums for a business owner’s policy are way cheaper than when you buy commercial property and general liability insurance separately as stand-alone policies. Moreover, it might have add-ons such as business interruption insurance, cyber liability insurance, non-owned/hired auto liability coverage, and more.

Use the table above to compare the business owner’s policy of companies we recommend for jet ski rental businesses.


Inland Marine Insurance for Jet Ski Rental Businesses

Inland marine insurance is important if you deliver your jet skis to renters. In case your jet ski gets damaged or lost during travel because of errors, theft, vandalism, or an accident, inland marine insurance will provide reimbursements for the resulting financial losses.

The amount of reimbursement you get from commercial property insurance will be based on the actual cash value or replacement cost of the covered jet skis. By the way, inland marine insurance is best purchased as an add-on to commercial property insurance or business owner’s policy.

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Jet Ski Rental Business Insurance Cost


Cost per MonthCost per YearDeductible
General liability insurance$34.16$410$0-$500
Professional liability insurance$39$468$500-$1,000
Commercial property insurance$45$540$1,000-$2,500
Business owner’s policy$72$864$500-$1,000

 

The average jet ski rental business insurance cost is $34.16 per month or $410 per year for a $1 million general liability insurance. This assumes that you have 5 employees and generate $500,000 or less per year. The following factors determine the jet ski rental insurance price:

  • Coverage Levels

  • Location of your jet ski rental business

  • Policy limits and deductibles

  • Location


Consider doing these things you decrease your jet ski rental insurance cost:

  • Request customers to sign liability waivers

  • Employ jet ski instructors with certifications considerable watercraft experience

  • Bundling two or more insurance policies

  • Conduct monthly checks to ensure that your jet skis are in good condition 


Here’s another table that shows the commercial jet ski rental insurance cost of the best companies that offer comprehensive coverage at reasonable rates. Note that the figures below are reflective of the price of a $1 million general liability insurance only:


Cost per MonthCost per YearBest for
NEXT$18$216Best overall; Fastest general liability insurance for jet ski rental businesses
CoverWallet$20$240Comparing insurance quotes online for jet ski rental businesses
Tivly$22$264Comparing insurance quotes for jet ski rental businesses over the phone
Thimble$24$288On-demand coverage for jet ski rental businesses
Allstate$25$300Policyholder benefits
Nationwide$27$324Jet ski rental insurance policy bundling
Progressive$35$420Multiple jet ski coverage option


Get cheap quotes by working with the companies that allow you to do a jet ski rental insurance application online. Usually, such companies allow you to compare quotes and avail numerous discounts. Speaking of comparing quotes, you might want to start here by clicking the “Get Quotes” button. 


PWC Rental Insurance

PWC rental insurance is another way of covering your business if you can’t qualify for tailored jet ski rental business insurance programs. 

The first step in getting PWC rental insurance is to determine the level of exposure to your business. Further, you ought to consider the unique situation of your business and the clientele that you will most inevitably be exposed to.

The annual cost of PWC rental insurance is $34.16 per month or $410 per year for a $1 million general liability policy. If you were to add on additional policies for more comprehensive coverage, this would be relatively more expensive

Among some of the best companies for your PWC rental business is Global Marine Insurance Agency. This company offers multiple jet ski insurance add-ons and extended policies. For instance, you can get dealership coverage which protects your investment during anchoring, servicing, and hauling. You could also get marina coverage which offers protection during storage or winterizing. Additional coverage offered by the provider includes operator's legal liability, protection and indemnity, and crime coverage. 

An additional provider is Progressive which offers fast and flexible policies for PWCs. The policy attracts premiums of as low as $100 per year with the possibility of even lower premiums by taking advantage of the different discounts on offer. The PWC insurance coverage attracts high limits for medical payments of up to $25,000. Additionally, you get up to $5,000 for replacement costs for personal items. A total loss coverage is also included and extends coverage to PWC in use anywhere in the US or Canada.

Finally, GEICO does offer PWC coverage under its boat insurance program. This policy covers any damage to another's vessel, bodily injury or death to a third party, negligence of a driver while using one of your PWC, property damage, and towing assistance if the PWC were to break down on the water. Note that GEICO does exclude any vessels that have been modified to enhance speed or performance and the operation of the PWC after dark.

Compare Cheap Jet Ski Rental Insurance Quotes Online

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

Best Commercial Jet Ski Rental Insurance Companies

Jet ski rental insurance can mean all the difference for your business when the unexpected happens, but only if you find the right policy and policy provider. These are the best commercial jet ski rental insurance companies. Read to know their pros, cons, and cost of a $1 million general liability insurance. 


NEXT Commercial Jet Ski Rental Insurance

Pros

  • Best overall

  • Get an online proof of insurance and send as a text message, email, or social media post

  • Fastest general liability insurance for jet ski rentals

  • Great customer service and reputation

  • Issues an online proof of insurance instantly

  • Outstanding value for money

  • Bundle two or more insurance policies and get a 10% discount

Cons

  • Couldn’t find any

NEXT doesn’t have a jet ski rental insurance program. However, this company can cover you through its beach equipment rental insurance package. Policies you can get are general liability, commercial property, business owner’s policy, and workers compensation insurance. Limits and deductibles are already set. Try calling a representative if you want to change the features of your coverage. 

Best for: Best overall; Fastest general liability insurance for jet ski rental businesses

Average cost: $18 per month

Our rating: 10/10


CoverWallet Commercial Jet Ski Rental Insurance 

Pros

  • Compare quotes online

  • Cancel a coverage anytime

  • Easily an an unlimited number of additional insureds

  • Seamless online policy management

Cons

  • Not an insurance company but an insurance broker

CoverWallet doesn’t have an insurance program tailored for jet ski rentals. However, you can get your business covered through this company’s sports equipment rental insurance program. Policies you can get are general liability, professional liability, inland marine, and others. Before getting covered, CoverWallet allows you to compare quotes to find the best coverage at the most reasonable rate. 

Best for: Comparing insurance quotes online for jet ski rental businesses

Average cost: $20 per month

Our rating: 10/10


Tivly Commercial Jet Ski Rental Insurance

Pros

  • Responsive customer service

  • Compare quotes over the phone

  • A partner of many reputable insurance companies 

Cons

  • You need to call to get a quote

Tivly also doesn’t have a jet ski rental insurance program. However, it can arrange an insurance plan that works well for your business. To get started, you need to call Tivly, talk with a representative, and compare jet ski rental insurance quotes over the phone. Insurance policies you can get from this company are general liability, commercial property, business owner’s policy, and more. 

Best for: Comparing insurance quotes for jet ski rental businesses over the phone

Average cost: $22 per month

Our rating: 10/10


Thimble Commercial Jet Ski Rental Insurance

Pros

  • Quick to issue an estimate of your rates

  • On-demand coverage

  • Covers the water sporting events of your business

  • Short-term general liability insurance is available

Cons

  • You might be referred to Tivly for a quote 

Thimble has an equipment rental insurance program, which your jet ski rental business might be eligible for. However, you will be referred by Thimble to Tivly for a quote. By the way, Thimble also sells an event insurance policy that you’ll find useful in the future for the water sporting event of your jet ski rental business. 

Best for: On-demand coverage for jet ski rental businesses

Average cost: $24 per month

Our rating: 10/10


Nationwide Commercial Jet Ski Rental Insurance

Pros

  • Coverage available in 47 states 

  • 24/7 phone, online, or mobile app claims reporting 

  • Strong financial stability 

  • Superior financial rating 

  • Multiple insurance packages that can easily be bundled 

  • Highly competitive rates for multi-policy customers 

  • Reducing deductibles 

Cons

  • Quite a few negative customer reviews

  • Availability of jet ski rental insurance varies from one state to the other

  • Limited discount programs

If you are in the market for affordable jet ski rental insurance, then Nationwide is the carrier for you. The provider makes it easier for you to bundle different policies together, which should be relatively cheaper in the end.

As a prospective policyholder, you'll leverage the over 95 years of experience that Nationwide has accrued in the market. Policies you can get from this company are general liability, business owner’s policy, professional liability, and more. You might be referred to a partner for a quote. 

Best for: Jet ski rental insurance policy bundling 

Average cost: $27 per month 

Our rating: 8/10


Allstate Commercial Jet Ski Rental Insurance

Pros

  • Allstate scores the highest available financial rating

  • 24/7 phone availability

  • Large network of locally available agents

  • Digital claims reporting

  • Allstate offers generous discounts

Cons

  • No collision coverage

  • No fuel spill liability coverage

  • Allstate's commercial jet rental insurance doesn't cover wreckage removal costs

Allstate was founded in 1931 and now offers jet ski rental insurance in all 50 states, including Washington, DC.

An advantage of getting a commercial jet ski rental insurance policy from Allstate includes policyholder benefits. The benefits include the following discounts:

  • Multi-policy discounts of up to 20%

  • Full pay discounts of up to 10%

  • Boat education course discounts of up to 5%

  • 6% discounts are offered for signing up for autopay


For commercial jet ski rental insurance, you have the option of choosing deductibles of between $500 and $1,000. At a minimum, you pay premiums of $25 per month or $300 monthly. For this price, you get coverage that includes a cover for damages to the jet ski, any resulting medical costs, and jet ski rental liability coverage.

Something you should be keen to leverage as a prospective policyholder is the agreed upon value coverage. The latter makes it possible for you to recoup the full price of the jet ski, at the time of purchase, even when the said price has been reduced at the time of the claim.

Best for: Policyholder benefits

Average cost: $25 per month 

Our rating: 7/10


Progressive Commercial Jet Ski Rental Insurance

Pros

  • Discounts offered for advanced quotes

  • Commercial jet ski rental insurance policies of up to $500,000

  • Progressive offers bundling discounts

Cons

  • Relatively higher deductibles

  • Less customizable options

  • Commercial jet ski rental businesses in some states might be subject to maximums that are significantly lower than in other states

Progressive has been in business since 1937 and has since included multiple jet ski rental coverage options.

For basic coverage for one or more jet skis, you'll pay about $35 per month or $420 annually. For this price, you get the Basic plan which includes coverage for liabilities, including claims from other uninsured boaters. You can add to this Basic plan with Progressive's choice and Plus plans, which means you also get comprehensive coverage, coverage for medical costs, and totaled vehicle loss coverage. As a policyholder working with Progressive, be on the lookout for both multi-unit discounts and multi-policy discounts, as these could mean a significant reduction in the premiums you pay.

Best for: Multiple jet ski coverage options

Average cost: $35 per month

Our rating: 7/10


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