Rental Car Business Insurance in Winter Garden, FL
Your rental car business can supply your community and incoming tourists with valuable transportation options. However, given the financial investment represented by your vehicles and the inherently high risk levels regarding entrusting them to unknown parties, you’ll want to establish robust loss control measures. Fortunately, an experienced insurance professional can help your business understand and secure an ideal insurance portfolio.
What Is Insurance for Rental Car Businesses?
Rental car companies are among the many types of businesses requiring customized insurance packages assembled from several different policies. The complex and unique details of your business’s risks and exposures require personalized coverage to ensure appropriate financial protection. But with the right combination of coverages, you can secure access to critical financial assistance following many types of accidents or losses. 
What Does Rental Car Business Insurance Cover?
Although your company’s coverage needs are unique, several types of insurance are generally advisable for those in your sector. When putting together your portfolio, consider prioritizing the following:
- Commercial auto insurance—These policies are often required by law and can cover your fleet against damage sustained in accidents or from other incidents. It may also assist with other parties’ losses should you or your employees cause an accident while driving a company car.
- Commercial property insurance—This type of insurance can financially protect your on-site business property, including offices, garages, equipment, tools, electronics and furniture. Covered perils often include fires, vandalism, theft and some natural disasters.
- General liability insurance—This can cover third-party losses for which your business is responsible, including bodily injuries, property damage and personal and advertising injuries.
- Business interruption insurance—This coverage may assist with ongoing expenses and reduced revenue should a covered incident disrupt or delay your normal operations.
- Workers’ compensation insurance—This type of policy is usually required by law and can insulate you and your employees from the monetary repercussions of on-the-job injuries and illnesses.
- Cyber liability insurance—The coverage in these policies can play a critical role in offsetting losses and expenses arising from data breaches and other cyber incidents.
- Commercial umbrella insurance—This secondary layer of liability coverage can offer additional financial aid if the limits of other liability policies are exhausted.
We’re Here to Help
Contact Tiago Guimaraes Insurance to learn about coverage options for rental car businesses or compare personalized quotes.