Considerations for Insuring Personal Watercraft
Protecting your commercial marine business is all about exploring policy options unique to your line of work. PWC rental insurance, for example, is necessary when your company is involved with renting out personal watercraft to clients. Human error and the dangers of traveling on the open water can create a perfect recipe for disaster. To protect your company, your assets, and your customers, you have to consider all your coverage options.
Accidents on the Water
When a customer rents a watercraft from your establishment, you become liable for any damages that may occur. Taking out a policy that includes PWC rental insurance will keep you covered in the event of an accident.
Typical policies cover a range of circumstances including:
Damage was done to personal watercraft
Bodily injury or death caused by watercraft
Property damage caused by watercraft
In-Depth Coverage Options
Of course, there are additional options to consider with this type of coverage. Should an accident involving your watercraft cause a wreck in the water, you may be responsible for covering the costs of towing the debris to land. Certain policies offer coverage for this scenario and similar costs, so be sure to look at all your options. Accidents can happen, which is why PWC rental insurance is a must for commercial marine businesses. Research the right coverage for you and protect your assets.