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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.
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.
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.
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.
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:
| 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 |
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.
| 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 |
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:
Get all the best quotes from leading providers in a click of a button!
A jet ski rental business is one of those businesses that’s impossible to operate without a physical space.
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:
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.
| 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 |
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.
| 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 |
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:
| 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 |
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.
Average cost: $18 per month
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.
Average cost: $20 per month
Our rating: 10/10
Get all the best quotes from leading providers in a click of a button!
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.
Average cost: $22 per month
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
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 month
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 month
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
10 / 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.
7.7 / 10
Decent experience with Hiscox business insurance
10 / 10
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.
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
9.4 / 10
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!
2.8 / 10
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
2.8 / 10
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.
Paul Burns Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
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.
Felicia Broadus Insuranker
Policy Type: Business Insurance
Company name: Berkshire Hathaway GUARD Insurance Companies
0 / 10
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
0 / 10
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
0 / 10
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
0 / 10
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
0 / 10
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
0 / 10
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
0 / 10
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
10 / 10
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…
10 / 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.
7.7 / 10
Decent experience with Hiscox business insurance
9.4 / 10
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!
10 / 10
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!
0.6 / 10
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!
10 / 10
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.
10 / 10
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.
10 / 10
Hiscox's the best! My business is insured with them for over 12 years and am not planning to switch!
10 / 10
Excellent experience with Hiscox BOP for my coffee shop. They provided all it needed.
10 / 10
My HI barbershop is well covered with their great BOP product for 5 years already! not planning to switch!
10 / 10
Best insurance ever
10 / 10
Coolest concept, I wish this was applied to other insurance products too.
10 / 10
Great experience
6 / 10
Didn't relate to the concept much, but it makes sense if you need insurance to go
0 / 10
It doesn't really feel sustainable to me and doesn't offer business interruption, product liability and commercial property insurance. They have no local agents and despite their technology first approach you cannot file claims online. Additionally, product manufacturers are not covered by Thimble and they don't provide enterprise solutions.
10 / 10
As a contractor that works 3 times a week for a few hours, Thimble gets really handy for me and saves me money. I have no use for these massive business insurance coverages offered by traditional insurance companies.
10 / 10
Excellent concept which is useful to many small businesses!
10 / 10
Been waiting for this type of solution for a long time!
10 / 10
Love their business insurance solutions for freelancers! Great app!
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