If you run a jet ski rental business, you are in for a handsome profit. Unfortunately, beyond the fun times, there lies real risk of tragedy which could be devastating for you and your business.Â
That’s where commercial jet ski rental insurance and jet ski rental company insurance comes in. This protects your finances, reputation, and business in the event that an accident happens.Â
The jet ski rental company insurance covers your business from the costs resulting from Jet ski collisions, accidents including striking swimmers, jet ski failure, and others.
 Getting this policy is your best bet at avoiding the complete closure of your business once the risk happens.
Jet Ski Rental Liability InsuranceÂ
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.Â
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.
Overall, general liability insurance for a jet ski rental business covers the following:
- Property damage
- Physical injury
- Legal costs
| CoverWallet | Thimble | Nationwide | Progressive | Allstate | |
| 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? | Yes | Included | Excluded | Excluded | Excluded |
| 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 |
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Professional Indemnity Insurance for Jet Ski Rental Businesses
Other than general liability insurance, consider getting professional indemnity insurance for jet ski rental business. Â
Professional indemnity insurance grants coverage in case clients file a claim for negligence, breach of contract, violation of fair dealing, etc.
| CoverWallet | Thimble (Best) | Progressive | Nationwide | |
| 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? | Yes | Yes | Yes | Yes |
| Waiver of subrogation included? | Yes | Yes | No | No |
| Deductible | $500 | $500 | $500 | $50/$10,000 |
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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.
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
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Get all the best quotes from leading providers in a click of a button!
Commercial Property Insurance for Jet Ski Rental Businesses
A jet ski rental business is one of those businesses that’s impossible to operate without a physical space.Â
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
- 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.Â
| CoverWallet | Thimble (Best) | Allstate | Nationwide | Progressive | |
| 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 |
| Lock and keys | Excluded | Excluded | Excluded | Excluded | Excluded |
| Business interruption floater | Excluded | Included | Included | Included | Included |
| Equipment breakdown floater | Excluded | Excluded | Excluded | Excluded | Excluded |
| Inland marine insurance floater | Excluded | $10,000 | Excluded | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $2,500 | Included | Included | Included |
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Business Owner’s Policy for Jet Ski Rental Businesses
A business owner’s policy, aka BOP, 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.Â
| CoverWallet | Thimble (Best) | Allstate | Nationwide | Progressive | |
| 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? | Yes | Yes | Yes | Yes | Yes |
| Name additional insureds for free? | Yes | Yes | Yes | Yes | Yes |
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Commercial Jet Ski Rental Insurance Cost
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
| Cost per Month | Cost per Year | Deductible | |
| 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 |
Help others make better decisions
Best Commercial Jet Ski Rental Insurance Companies
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NEXTÂ
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.Â
Average cost: $18 per month
Our rating: 10/10
Pros
- Best overall
- 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
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CoverWalletÂ
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.Â
Average cost: $20 per month
Our rating: 10/10
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
Get all the best quotes from leading providers in a click of a button!
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TivlyÂ
Tivly also doesn’t have a jet ski rental insurance program. However, it can arrange an insurance plan that works well for your business.Insurance policies you can get from this company are general liability, commercial property, business owner’s policy, and more.Â
Average cost: $22 per month
Our rating: 10/10
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
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ThimbleÂ
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.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.
Average cost: $24 per month
Our rating: 10/10
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
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NationwideÂ
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.
Average cost: $27 per monthÂ
Our rating: 8/10
Pros
- Coverage available in 47 states
- 24/7 phone, online, or mobile app claims reporting
- Highly competitive rates for multi-policy customers
- Reducing deductibles
Cons
- Quite a few negative customer reviews
- Limited discount programs
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AllstateÂ
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. you have the option of choosing deductibles of between $500 and $1,000.
Average cost: $25 per monthÂ
Our rating: 7/10
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
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ProgressiveÂ
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. 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.
Average cost: $35 per month
Our rating: 7/10
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
