Bareboat Charter Insurance

We want to charter boats, etc. pontune small. and require insurance companies to this effect. home in Lake Delavan WI. and would not launch a boat rental service.

There is a great company called Wisconsin "General Casualty in Madison who has a large inland marine business that may be able to help.

However, you will need a lot of liability insurance.

Whatever you get business insurance, you must also make sure you have your own liability insurance for your home and other assets and to consider a policy framework of personal responsibility.

The company you describe is potentially a large number of risk with very large claims.

If your policy insurancy company has a limit of $ 2 million, for example, and you hurt someone badly enough that they win a lawsuit against you for 5 million dollars. This policy will not pay 2 million dollars and you'll have to come with the rest on your own .... then buy lots of coverage.

You can see these suggestions on the registration of insurance.

http://www.bernanke.cn/insurance-saving-tips.html

Wish you help.

Good luck!

I hope you have a lot to invest in insurance! This will not be cheap. pontoons in particular are very likely to have drunk people fall for them and drown. Moreover, being a new business you will pay a high price. Assuming that you have three boats that you want to rent / charter, and there is a dock, and it is fast enough for water skiing, I guess liability insurance would be at least $ 7,500 per year.

Your best bet is to contact a local agent independent shop and ask them this. You will not find a huge number of insurance companies that will be ready to give you coverage at a price for EVERYTHING, because of the high probability of loss, so if you can find an agent willing to quote, you should out to lunch, even if you do not end up buying coverage on their part.