Scooters are as good as bikes when touring cities or holiday spots. According to Statista, the e-scooter-sharing market is expected to reach 134 million users by 2027. If you run a scooter rental business, you will want to maintain an insurance policy that can adequately protect your business from liability costs. The goal of this article is to explain the components of scooter rental insurance and explore topics that include:
Inclusions of a scooter rental insurance package
Their coverage limits
The cost of scooter rental insurance
The best companies
| CoverWallet | NEXT (Best) | Thimble | Hiscox | The Hartford | |
|---|---|---|---|---|---|
| Per occurrence limit | $1,000,000 | $1,000,000 | $1,000,000/$2,000,000 | $300,000/$1,000,000 | $1,000,000/$2,000,000 |
| Aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 | $1,000,000/$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 | $100,000 | $100,000 | $5,000 | $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 | Excluded | Can be included | Can be included |
| Equipment breakdown floater included? | No | Yes | Yes | Can be included | Can be included |
General liability coverage adds third-party injury or property damage protection to your scooter or e scooter rental insurance. Some examples of when to use this coverage include:
A member of the public wanders onto your business property and trips, causing injury to themselves
A scooter causes a pedestrian to get a broken bone due to a collision that is determined to be your company's fault
If you want to customize your general liability insurance, you can add product liability insurance. This policy will allow you to get covered when a malfunctioning scooter causes injury or damage to a third party.
General liability will have a $1 million per occurrence limit and a $2 million aggregate limit.
Public liability offers similar coverage to general liability but is limited to claims from the general public. It provides coverage for mishaps that happen to the public in connection with your business. Some examples of when to use this policy include:
One of your scooters causes a pedestrian to trip over it, injuring their back and requiring medical treatment
A visitor to your commercial property claims to have lost their personal property at your business
Public liability coverage generally has a $1 million per occurrence and an aggregate limit of $2 million.
People tripping, slipping, or falling is the most common class of public liability claims. These incidents can cause bodily injury but can also cause property damage as well.
Product liability insurance can be a critical component of your scooter hire insurance because it provides protection against claims resulting from the manufacture, design, or marketing of your scooters. Examples include:
A manufacturing defect in your scooter causes a customer to crash and injure himself
You receive a lawsuit for a scooter design flaw and need to defend your business legally
A standard product liability protection covers $1 million per occurrence and $2 million in aggregate coverage.
Get all the best quotes from leading providers in a click of a button!
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| Building coverage limit (minimum) | $50,000 | $340,000 | $25,000/$500,000 | $35,000 | $25,000 |
| Contents coverage limit (minimum) | $50,000 | $35,000 | $25,000/$500,000 | $35,000 | $15,000 |
| Outdoor signs | Excluded | $2,500 | Excluded | Excluded | Included |
| Accounts receivable | Excluded | Excluded | $5,000/$10,000 | Excluded | Included |
| Money and securities | Excluded | $2,500 | $1,000 | Excluded | Included |
| Lock and keys | Excluded | $2,500 | Excluded | Excluded | Included |
| Business interruption floater | Excluded | Included | Included | Excluded | Included |
| Equipment breakdown floater | Excluded | Included | Excluded | Excluded | Included |
| Inland marine insurance floater | Excluded | Excluded | $10,000 | Excluded | Excluded |
| Employee dishonesty floater | Excluded | $5,000 | $2,500 | Excluded | Excluded |
Commercial property insurance protects your commercial and business property when it gets damaged or needs replaced. Some examples include:
Your scooter rental commercial property gets damaged by a lightning and needs repairs.
A thief steals one of your scooters from your commercial property
Commercial property insurance often has a limit of $60,000 for businesses. However, the actual value of your property will determine how much coverage you can get for it.
Business interruption insurance is an add-on to the commercial property policy of your moped rental insurance. While commercial property protects from physical damage, business interruption protects against loss of profits due to downtime caused by fire, theft, vandalism, and other covered perils.
| CoverWallet | NEXT (Best) | Thimble | The Hartford | Hiscox | |
|---|---|---|---|---|---|
| General liability aggregate limit | $2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $1,000,000/$2,000,000 | $300,000/$2,000,000 |
| Commercial property coverage limit | $50,000 | $320,000 | $25,000/$500,000 | $35,000 | $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 |
Business owner’s policy combines general liability and commercial property, which you can then add on more coverage if necessary. Situations to use this insurance include:
Your company gets accused of libel, and you must defend yourself in court
Your business property is defaced by vandalism and needs to be repaired
Business owners’ policy coverage has a typically aggregate limit of $1 million for liability coverage and $25,000-$50,000 for property coverage.
You might want a commercial crime insurance policy to add on, which provides protection for things like employee dishonesty, forgery, and computer fraud.
| 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 provides protection for your business tools or equipment even when they are not on your commercial business property. Examples include:
Tools that you use to maintain your scooters get stolen and need to be replaced
A lightning causes some scooter equipment to need repairs to get back into working order
A typical coverage limit for tools and equipment policy is $10,000 per scheduled item on the policy.
Some add-ons you might want for tools and equipment are outlined below.
Equipment breakdown coverage–Protects your business when a piece of equipment breaks down or malfunctions
Inland marine insurance–Protects your equipment when it is transported on land by a truck or a train
Leased or rented items coverage–If you are renting or leasing equipment while you wait for repair, this coverage can help pay for it
Workers’ compensation insurance is a policy that offers benefits to your employees when they get injured or ill while on the job. You use workers compensation insurance to provide benefits for hospitalization, medication, rehabilitation, lost wages, and death. Coverage examples of this insurance are listed below.
An employee is maintaining the scooters when they hurt their back while bent over
A scooter malfunctions and causes an employee to fall and break their leg
In the majority of states, you get workers’ compensation from a private insurer. However, in the states of Ohio, Wyoming, Washington, and North Dakota, the government has a monopoly on this market. This means you get a workers’ compensation policy fulfilled by the state.
| Cost per Month | Cost per Year | Deductible | |
|---|---|---|---|
| General liability insurance | $52 | $624 | $0-$500 |
| Commercial property insurance | $100 | $1,200 | $1,000-$2,000 |
| Business owner's policy | $152 | $1,824 | $1,500 |
| Tools and equipment insurance | $55 | $660 | $500-$1,000 |
| Workers compensation insurance | $113 | $1,356 | $500-$1,000 |
The average scooter rental insurance cost is $52 per month or $624 per year for a $1 million general liability coverage. Factors that affect the cost of premiums are location, deductibles, policy limits, revenues, claims history, and business history. Here’s a table showing the rates of companies we recommend:
| Cost per Month | Cost per Year | Best for | |
|---|---|---|---|
| NEXT | $30 | $360 | Best overall; Fastest general liability insurance for scooter rentals |
| CoverWallet | $35 | $420 | Comparing scooter rental insurance quotes online |
| Hiscox | $36 | $432 | Small scooter rental businesses |
| The Hartford | $44 | $528 | Scooter rental insurance from a company with excellent customer satisfaction rating |
| Tivly | $46 | $552 | Comparing scooter rental insurance quotes over the phone |
| Thimble | $48 | $576 | On-demand scooter rental insurance |
Get all the best quotes from leading providers in a click of a button!
Now you know what components comprise scooter rental business insurance, like general liability, product liability, and commercial property insurance. Below are some of the companies we recommend. Read some of the reviews below to know their pros, cons, and average cost of a $1 million general liability insurance.
Best overall
Issues an online proof of insurance instantly
Fastest general liability insurance for scooter rentals
Great customer service and reputation
Excellent rates
Outstanding value for money
Get a 10% discount if you buy two or more policies
Couldn’t find any
NEXT has a range of different policy options for scooter rental insurance. You can get general liability, commercial property, tools & equipment insurance, and more. They are experienced in over 1,300 professions and have a strong A- financial ranking from AM Best.
Best for: Best overall; Fastest general liability insurance for scooter rentals
Average cost: $30 per month
Our rating: 10/10
A renowned company for workers compensation insurance
Covers customers with poor business profiles
Up to $5 million coverage limit if you file a request
Easy to file your policy online
No Hawaii coverage
The Hartford has over 200 years of experience in the insurance industry and an A+ rating with the Better Business Bureau. They have policy components you need, like business owner’s policy, worker’s compensation, and commercial property insurance. The company writes $11 billion in premiums every year.
Best for: Scooter rental insurance from a company with excellent customer satisfaction rating
Average cost: $44 per month
Our rating: 10/10
Handy dashboard to track your purchases and claims
Lets you comparison shop your policies
Not a provider
CoverWallet has general liability, business owner’s policy, commercial property policies, and other vital components of an excellent scooter insurance policy. They cover 48 states and maintain an A+ rating from the BBB. The company is notable for its digital marketplace exchange that makes comparison shopping easier.
Best for: Comparing scooter rental insurance quotes online
Average cost: $35 per month
Our rating: 10/10
Over 200 partners to get insurance from
Quote process is quick
Doesn’t have a mobile app
Tivly a tech-based insurance platform with a selection of over 200 partners for you to compare options from. They have policies like commercial property, general liability, product liability, and more. Tivly has 20 years of experience in the industry and an A rating from the BBB. Call now to compare quotes over the phone.
Best for: Comparing scooter rental insurance quotes over the phone
Average cost: $46 per month
Our rating: 10/10
Easy to use insurance app
Lots of first-time customers
Limited customer support options
Thimble is a company that covers a wide range of different professionals that focuses on people that want their policy quickly. They have all of the policies a scooter rental company will want, like general liability, business equipment insurance, and worker’s compensation. Thimble’s app received a highlight from Forbes magazine.
Best for: On-demand scooter rental insurance
Average cost: $48 per month
Our rating: 10/10
Tailored policies for small businesses
Can get a discount when you bundle multiple Hiscox policies
Some policies require talking to an agent to make changes
Hiscox is a small business focused company that offers insurance policies that are tailored for your business. They lack some policy options but have great policies for general liability and workers’ compensation. Hiscox has an A rating with Am Best and over 100 years of experience in the insurance industry. The company employs specialists that promise to get back to you within one day of you filing for a policy.
Best for: Small scooter rental businesses
Average cost: $36 per month
Our rating: 10/10
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
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.
Their general liability insurance purchase process is simply the best online experience I've ever had in my life!
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!
It really can't get any better than this... wow
Not all those who wander are lost.
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