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How to insure a car rental business. Youll need OPCF27 if you want to port over your own car insurance to cover the rental car. Your business travelers need and expect convenient and frictionless travel. Start a car rental business by following these 9 steps.

OPCF27 allows you to drive a non-owned automobile. Make sure you have comprehensive insurance for all of your cars and write a business plan for your rental service. 9 to 30 per day.

A clear plan is essential for success as an entrepreneur. Personal Auto Insurance Policy First while standard on most car insurance policies you need to ensure you have an OPCF27 Ontario Policy Change Form endorsement. Next inquire with reputable licensed insurance agents to see the average cost near you.

It could be the form of enterprise car rental budget car rental or national car rental service. Indicate the niche for your car hire business. Insure online when you book.

Third-Party Car Rental Insurance If you rent a car through one of the big online travel agencies OTA such as Expedia or Priceline the agency normally offers you the. Average annual income of 3. Your car hire business plan should cover all the key aspects of your car leasing business.

After you have a good idea of what the insurance policy you want generally costs try to haggle with your insurance agent. Make sure the limits of your companys rental car insurance equal or exceed the business fleets fair-market value. Bodily injury and property damage coverages can compensate those injured in an accident involving an insured vehicle or pay for damages to another vehicle.