Insure online when you book Protect your rental directly with the rental company.
What insurance do i need for a car rental business. Its a good idea to purchase coverage if. You could have varying degrees of rental car insurance coverage from your personal car insurance policy your travel credit card your cashback credit card and even your home or tenants insurance. You dont have an Auto or personal property policy with us.
Here are the four main options you have for insuring your rental car. Buying insurance from the rental car company. Youll need more than the general liability insurance and workers compensation insurance thats required of nearly every business.
Coverage included with your personal policy for rental car costs. Most states require businesses that have employees to carry workers compensation coverage for them. Generally two types of insurance apply to rental car companies liability insurance for your business and the insurance you offer customers when a car is delivered to them for the rental term.
Youll want to check the length of the rental period. It is possible to grow to the point that you expand the business across the region the state and even throughout the nation. In any case if you use 3 rd party insurance keep in mind that most car rental agencies will require payment in advance for the damage and then you will have to claim it from the various insurance companies.
The coverage is a safeguard against injuries and illnesses related to activities at work. Some are covered by the credit card issuer or they have coverage under their own policies. You can buy insurance to cover your excess andor extend what the standard cover protects.
The car rental companys optional insurance. The type you buy from the rental agency. Personal Accident Insurance PAI is the coverage of the rental car driver and passengers in the event of an accident.