Insurance For Car Rental Business
Business insurance is designed to protect your small business from financial harm.
Insurance for car rental business. With all those cars riding around there s a huge opportunity for some major liability. Here s what to know about each. Commercial rental car insurance must be bought to ensure that rental car insurance is provided while the vehicle is in use for business applications. There are many types of business insurance policies from general liability insurance to workers compensation and more which you may encounter.
We can accommodate your auto rental business needs with up to 1 million combined single limit csl in bodily injury and property damage coverage. Rental car insurance can come from your auto policy the rental counter a credit card or an independent company. However private car insurance will not cover business use of a vehicle and it will not cover business use of a rental car either. Car rental services should have a comprehensive commercial auto plan.
Car rental companies face their own specific set of risks and liabilities. You ll need more than the general liability insurance and workers compensation insurance that s required of nearly every business. You ll also need to insure the driver renting leasing your car so they can drive it and get it insured against third party incidents and also any losses your business might suffer if accidents or. Learn which types of insurance policies will keep your company and personal assets safe from the exposures of doing business in today s world.
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. The following liability coverages are also available where applicable. 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. 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.
With the arrc program you have access to master policies that provide the liability protection you need. Many people use their own private car insurance to cover a rental car.
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