Protecting Your Waterfront Business With Sensible Insurance Coverage

Operating a business near large bodies of water can be a very lucrative path in life. Naturally, it also comes with plenty of obstacles. When your business offers services that involve renting watercraft to customers, it can create a number of difficult situations. Should someone incur injuries or damage the watercraft itself, you absolutely want to make sure your insurance will cover the damages. Look over these points to determine how to ensure you’re covering all your bases.

The Basic Points

The trick to staying secure is by making sure you have PWC insurance. This type of insurance includes hull coverage, which can be a lifesaver in a situation where someone renting your watercraft gets into an accident with another vessel. Beyond this, insurance for PWC aims to protect the riders from harm and covers your company in the event of bodily injury. Most policies will also include coverage for the period when riders are not yet on the water, including accidents on the docks or piers. Other areas to pay attention to include:

  • Maintenance for PWC
  • Reducing commonplace risks
  • Coverage for dockworkers

A Variety of Options

Though there are many factors at play when it comes to protecting your business, you always want to focus on how your insurance can help. Review different PWC policies and discover one that fits your specific needs.