Form a legal entity.

How to get insurance for a car rental business. 9 to 30 per day. Most car rental companies need workers compensation insurance because they employ workers. The owner must then appoint an insurer to handle rental car insurance coverage and.

The most common business structure types are the sole proprietorship partnership limited liability company LLC and corporation. This not only makes the process a lot simpler for the renter but also allows the business owner to obtain a Certificate of Insurance strengthening them against liability. Read your cards fine print.

There may be additional fees from the rental car company for the loss of use of their vehicle that your credit card wont cover. Yes but many credit cards insure the rental car for CDW and LDW. Next inquire with reputable licensed insurance agents to see the average cost near you.

Recommended Insurance Types for. Now you should have a handle on any commercial insurance you need in order to be. The first step to finding out if you have coverage for a rental car is to check with your insurer - they will be able to tell you how much of your rented vehicle will be covered if any.

Licensing for rental car businesses are usually handled on the local level. If accepted the PAI contained in the policy provides renter and renters passengers with accidental death accident medical expenses and ambulance expense benefits. The Rental Company.

Establishing a legal business entity such as an LLC or corporation protects you from being held personally liable if your car rental business is sued. Check online at your credit card companys website under the card features and benefits section. After you have a good idea of what the insurance policy you want generally costs try to haggle with your insurance agent.