The tourism industry is always strong near the coast, because the beach is and has been a draw for American families on vacation practically as long as the concept of vacation has existed. Among the businesses that tend to thrive near lively beaches are short-term equipment rentals that allow visitors to have fun on the water without hauling a ton of gear on a long trip. From kayaks and canoes to motor boats, jet skis, and even more exotic recreational vehicles, there are a lot of choices to allow them to get the most out of the location they’ve chosen to visit. Providing that access comes with risks, though, and that’s why businesses like yours need specialized jet ski rental business risk management insurance policies.
Covering Your Customers and the Public Alike
Risk management insurance for rental companies needs to take into account the possible risks to clients in the event of a mechanical failure or any other accident that could injure them or cause damage to property. That’s not all, though, it also needs to protect members of the public who could be affected by a potential accident. This double-edged risk level is unique because most companies with public liability have that risk due to public use of their facilities or the possibility of accidents involving employees operating equipment. Rental companies have the unique risks present when a third party uses your equipment remotely, and your insurance should reflect that.