There are plenty of issues to remain mindful of when you’re a business owner. In order to see the best possible results from all of your hard work and effort, you want to dedicate time and energy to review your options for insurance. The right policy can make all the difference when it comes to protecting your brand and your assets from the unknown. This is especially true if your company deals with renting watercraft to consumers.
Learning About Watercraft Exclusion
If you own and operate a business that is situated on or near a large body of water, then you need to take extra steps to insure your business. More often than not, watercraft exclusion is commonplace when it comes to policies for marinas and businesses of a similar design. If you rent watercraft to customers, then you need to make sure you are taking the right steps to find a policy that will keep your business and your assets protected at all times. Other points to consider with your plan include:
- Basic liability coverage
- E&O protections
- Workers’ compensation plan
Understand the Risks
By having a clear idea of the risks facing your industry, you can start to make decisions that benefit your company in the long run. Review your options with watercraft rentals and see how easy it is to find the best insurance plan.