ATV Rental Service Insurance

ATV Rental Service Insurance

Owning ATVs as a rental business or as an individual to let other people use them can be tough. While it provides your customers with a lot of fun and adventure to their days, there are also a lot of risks . One of the biggest concerns for ATV rental services is having adequate insurance to protect themselves and their business against liability and litigation should someone get injured during their rental or tour. 

Whether you operate in a tourist area, an ATV park, a motor sport club, or somewhere else, having the right insurance coverage for your ATV rental service business is important. Not only does it protect your business from financial loss, but it also gives you peace of mind that you are protected against accidents.

At ALIGNED, you can find ATV rental service insurance that’s right for your business.

Motorsports Insurance
Looking for Motorsports Insurance? Contact us HERE to get an online quote now!

Why is ATV Rental Service Insurance Important?

ATVs can be expensive and dangerous if not operated correctly. For rental businesses, it’s important to ensure that they are protected against the gaps and risks that can cause financial loss or litigation.

  • A customer can be injured or cause property damage to a third party while operating the ATV.
  • A customer can be injured while on your premises, i.e., a slip and fall.
  • ATV accidents can lead to expensive repair and replacement costs.
  • ATVs are highly targeted items of theft.

Since the ATV market is so niche and insurance can be expensive, it’s important to ensure you have the right coverage to make every dollar count.

What is Covered Under ATV Rental Service Insurance?

Commercial General Liability Insurance – also called CGL insurance, provides coverage for injuries, bodily harm, and property damages occurring to a third party during your business operations. For example, if a client is injured, you are covered for lawsuits, losses, and medical expenses.

Commercial Auto Insurance – whether it’s for vehicles, trailers or actual ATV’s auto insurance covers third party liability, physical damage to ATV’s,  medical expenses, property damage to third parties, loss of income, disability benefits, and more if a customer is involved in an accident or collision while driving one of your ATVs.

Commercial Property Insurance – your business relies on your building and equipment to operate successfully. ATVs and your buildings can be very expensive to repair or replace since the market is so niche and the equipment is specialized. It’s important to ensure your assets are protected in the event of a fire, vandalism, flood, or other natural accident beyond your control.

What does a motorsport insurance policy cover? 

Motorsports Insurance allows owners of motorsport or motocross companies to operate without the weight of worrying about risk all the time. Designed to guard against liability risks, your Motorsport Insurance covers you in two main areas: liability and property. Your Commercial General Liability coverage will protect your motorsport business if one of your customers or drivers is injured or suffers property damage while interacting with your business. Commercial Property Insurance means your inventory of motorsport vehicles, as well as other business assets, are protected against perils such as extreme weather, flooding, or fire, as well as theft. You will also need Commercial Auto Insurance to protect your fleet. You may also require additional coverage as part of your Motorsport Insurance Policy, depending on the specific needs of your business.  

How much does race insurance cost? 

Whether you need race insurance for one day or a whole racing season, you cannot operate without it. The risks are too significant to your vehicle and your driver and team. The cost of race insurance will depend on several factors, such as whether you need coverage getting to and from the racetrack or just while on the track, the length of time you need coverage, the driver’s experience, the car’s age, and more. Contact an ALIGNED commercial insurance specialist to help design and quote an affordable custom insurance package for your motorsports company. 

Can you insure race cars? 

Yes, you can insure race cars. There are different types of race cars and different options for insurance, but race cars can be insured like other vehicles. Typically race cars are insured by race tracks or specialty insurers, often specifically for a race or race day. There are a few factors that will affect race car insurance, such as how often it will be used and how it will be driven, and how many drivers will be driving it. Individuals can purchase insurance for race cars, as can teams and businesses. 

Find the Right ATV Rental Service Insurance from ALIGNED 

ALIGNED works with Canada’s top insurance companies to provide custom insurance packages at affordable prices. Click Here To Get A Quote or contact one of our business insurance experts for information or with any questions you may have

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