Jet skis are common summertime toys for use on the water. Rental companies use personal watercraft rental insurance to keep losses at bay. Use these tips to winterize the jet skis so they can enjoy another summer of fun without added costs.
The first thing to do is to remove any excess water from the watercraft prior to storage. Follow the instructions on the owner’s manual to remove the water from the cooling system. Then clean the jet ski using mild soap and finish with a fresh coat of wax. Remove excess grime from the bilge area to prep it for the coming year.
As a manufacturer, it’s vital that you carry adequate insurance coverage to protect your investment. As you contact various agents and build out your coverage, here are three simple liability coverages that you should plan to include in your policy.
General Liability Insurance
General liability protects you against third party lawsuits arising from everyday business activities. This can range from a potential client injuring themselves during a tour of your facility to a visitor’s car getting damaged in your parking lot. With the right coverage, you’ll be able to cover any legal fees and liabilities arising from such cases.
For businesses that work with independent contractors, the subject of insurance and liability can be complex. For instance, if you own a construction company, odds are you have independent contractors. You may be wondering, can an independent contractor drive a company vehicle? While some contractors have their own vehicles, you may need them to drive the company vehicle from time to time. Here is what you need to know.
Are Contractors Insured?
It is best to have independent contractors carry their own insurance, according to the experts at Daniels Insurance. This is because independent contractors are generally not covered under your business auto insurance. It might seem easier to let your contractor’s drive the vehicles for the company, you do need to take extra care. If something happens or if they are in an accident, they may not have the coverage necessary. If you want your contractors to drive the company vehicles, you need to require that they carry insurance.
Being able to call yourself a business owner is an exciting new beginning, but remember that that’s exactly it: A beginning. There is still much to consider even after you’ve obtained your merchant’s license and registered a name with your state — that is, after you’ve given your license a nice frame!
Whether you are opening a restaurant or cannabis supply store, you need the right kind of insurance that is appropriate for your business. If you sell only glassware, for example, would a food spoilage package be relevant for you? Likely not. Understand the difference between specialty insurance programs and all other kinds of insurance and speak to an agent to help guide you; https://www.thayerinnes.com is a great place to start if you’ve got questions.