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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
10 / 10
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
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
2 / 10
I never purchased the policy. The person I spoke with "Bruce" was condescending and argumentative. He kept repeating himself and talking in circles telling me what I HAVE TO DO, basically trying to bully me into purchasing commercial insurance. I wouldn't use this company if they were paying me!
10 / 10
Purchased the General Liability policy I needed to fulfill a contract for my hiring party. Simply Business made it very easy to complete an application and review multiple quote options. Ended up purchasing a policy for 1/2 of what I originally was told by my agent.
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
Simple online quoting and purchase. excellent mobile app. claims filing via phone, website or app. Combines competitive rates with excellent customer experience. Progressive provides all of the coverage a small business needs. not to mention its financial strength
0 / 10
State Farm's business insurance was such a bad choice for us. Worst communication, very unprofessional. Been insured for over 12 years through a local statefarm agent who we were having insurance for our own home, our personal cars, our own health insurance, workers compensation, all of our commercial autos that serve our business - our agent didn't inform us of raising our premium rates, of certain inspections, and send us very rude emails upon our policy cancellations that were caused by his... Read More
10 / 10
Extremely helpful, kind and knowledgable customer service team! I received a business insurance package that was tailored and personalized to my exact business needs! Excellent liability insurance. Their pricing for business insurance is not the most affordable you'll find, however it's better to pay more and know that you are covered well. We got coverage for $1M. In regards to claims, I haven't had any experience so cannot attest, but the rest was excellent so I'm sure claims will be great as... Read More
10 / 10
Customer service is fast and efficient. They were very caring about issues that we faced, checked them all and resolved our claims fast. State Farm is an excellent company. They gave us excellent business insurance coverage that was customized to our precise needs. We worked together to build the most suitable coverage to our needs, nothing more or less, while making sure the rate is good enough. State Farm's business insurance cost was very good compared to other companies, while maintaining a... Read More
10 / 10
Excellent business insurance coverage tailored to your business needs in good rates, professional customer service, pays claims fast and fairly. Recommended!
10 / 10
highly recommended!
10 / 10
Their business insurance products are by far the best business decision I've made financially. Got us covered when we needed it and for such a bargain cost. Couldn't recommend more!
10 / 10
Excellent business insurance policies at cheap rates. Claim process was easy and helped us cover financial loss.
10 / 10
Great rates and excellent service. Our business feels safe.
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!
Not all those who wander are lost.
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