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.
| 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 |
| Hired/non-owned auto liability coverage included? | Yes | Excluded | Excluded | Excluded | Excluded |
| Equipment breakdown floater included? | No | Yes | 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 |
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
| 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 |
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.
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.
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
Get all the best quotes from leading providers in a click of a button!
| 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 |
| Outdoor signs | Excluded | Excluded | Excluded | Excluded | Excluded |
| Accounts receivable | Excluded | $5,000/$10,000 | Included | Included | Included |
| Money and securities | Excluded | $1,000 | Included | Included | Included |
| 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 |
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.
| 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 |
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 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.
| 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 |
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 Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $18 | $216 | Best overall; Fastest general liability insurance for jet ski rental businesses |
| CoverWallet | $20 | $240 | Comparing insurance quotes online for jet ski rental businesses |
| Tivly | $22 | $264 | Comparing insurance quotes for jet ski rental businesses over the phone |
| Thimble | $24 | $288 | On-demand coverage for jet ski rental businesses |
| Allstate | $25 | $300 | Policyholder benefits |
| Nationwide | $27 | $324 | Jet ski rental insurance policy bundling |
| Progressive | $35 | $420 | Multiple 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 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.
Get all the best quotes from leading providers in a click of a button!
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.
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
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
Compare quotes online
Cancel a coverage anytime
Easily an an unlimited number of additional insureds
Seamless online policy management
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
Responsive customer service
Compare quotes over the phone
A partner of many reputable insurance companies
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
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
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
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
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 scores the highest available financial rating
24/7 phone availability
Large network of locally available agents
Digital claims reporting
Allstate offers generous discounts
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
Discounts offered for advanced quotes
Commercial jet ski rental insurance policies of up to $500,000
Progressive offers bundling discounts
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
1 / 5
Use anyone except Employers. Period. They are non-transparent and shameful. After I complained long enough to warrant a call from a supervisor, the supervisor called back from a PRIVATE NUMBER (no caller ID), left a message that they are not reversing their decision (without any communication with me), and failed to leave a phone number for me to call back. She was hiding! They also fact find via email and phone calls, which is terrific for speed and communication. However, after setting a precedence of email or phone calls, they send time sensitive information via email, without any heads up... they are hoping you miss it and forfeit via expiration. Evil policies. Go elsewhere.
1 / 5
This place is an absolute joke of a company and should be ashamed of the way they conduct business. I was hurt on the job at the end of July and it took them just shy of 7 weeks to issue out a paycheck to me. Yes the amount was back dated but still. Not many have the luxury of not receiving a paycheck for almost 2 months. To top it all off, the original adjuster marked me down for the wrong state which caused a problem from the get go, I've had 3 different adjusters now since each one can't seem to figure out the simplicity of my claim. All my paperwork which includes, my job, house, and drs visits all are from the same state and city but yet some how I have been filed under a completely different state 1500 miles away. They do not answer your phone calls or emails no matter how many you leave. I've had to escalate my frustrations to the supervisors of each of these individuals in order to even get some kind of response. I've had more communication and information given to me about my claim from the customer service representatives then the actual adjusters.......... please tell me how that works?! A serious overhaul needs to happen here in order to serve your clients the way they deserve to be taken care of. 10/10 do not recommend this company to a single soul on earth
1 / 5
I have never had the displeasure of working with a more incompetent and disrespectful person in my life. I’m an injured worker and the adjuster that was assigned to my case was named Carrie Furgeson. In the past 6 weeks that I’ve been injured and out of work I have only been able to get ahold of her twice, not for lack of trying. I have left countless voicemails, countless emails, and she ignores them all. When I am finally able to get ahold of her I’m greeted with terrible customer service. She is rude, she talks over me and I’m hardly able to get a word in edgewise. She spelled my name wrong on my documents even after I spelled it for her properly countless times, this caused a whole new issue with my bank. I have bill collectors from the hospital calling me demanding payment and Carrie Furgeson won’t do a single thing to help, or to get them paid. All of my documentation is in Colorado, my job is in Colorado, my address is in Colorado, all my Dr offices and appointments have been in Colorado and Carrie still managed to hold my claim because she wasn’t sure what state she needed to file it under. It’s been 6 weeks since my Injury and my company still hasn’t received the wage paperwork to fill out so they can get me my correct wages. When she’s not ignoring me she’s answering my questions with “I don’t know” well I don’t know how she got this job, because apparently she doesn’t know anything about it. She is a disgusting morose individual inside and out and I genuinely wish her the worst in all of her future endeavors. I highly recommend you don’t use this company. Please if you are a business owner and your looking into this company please don’t use them. I’m sure they have the cheapest payment and that’s why companies use them in the first place, but you will be doing your employees a grave disservice by forcing them to venture into this absolute dumpster fire of a company. I would rate 0/5 if possible but 1 was the lowest I was allowed.
5 / 5
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
5 / 5
As long as they cover your line of business, you're literally covered! best rates, best coverage, best online experience, best professionals, can't be happier that I chose them!
Not all those who wander are lost.
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