Insurance For Car Rental Business
Rental car insurance can come from your auto policy the rental counter a credit card or an independent company.
Insurance for car rental business. Commercial rental car insurance must be bought to ensure that rental car insurance is provided while the vehicle is in use for business applications. A key business insurance policy you ll need to look into is self drive hire insurance this is designed for companies which rent lease cars to customers who then drive the cars themselves. The following liability coverages are also available where applicable. However private car insurance will not cover business use of a vehicle and it will not cover business use of a rental car either.
Here s what to know about each. Make sure you shop around for a plan that won t bankrupt you but will have you fully covered in the event of an unfortunate mishap. Car rental companies face their own specific set of risks and liabilities. With the arrc program you have access to master policies that provide the liability protection you need.
There are many types of business insurance policies from general liability insurance to workers compensation and more which you may encounter. Business insurance is designed to protect your small business from financial harm. Car rental businesses require a lot of different kinds of insurance. We can accommodate your auto rental business needs with up to 1 million combined single limit csl in bodily injury and property damage coverage.
You ll need more than the general liability insurance and workers compensation insurance that s required of nearly every business. Our liability policies provide bodily injury and property damage coverages that compensate third parties who are injured in an accident involving your rental car or pay for damages to third parties property that may be damaged. Car rental business insurance is a necessity to meet your state s insurance requirements. Car rental services should have a comprehensive commercial auto plan.
Learn which types of insurance policies will keep your company and personal assets safe from the exposures of doing business in today s world. There are many commercial applications for.
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