Question
I am thinking about starting a rental car company in my area a region that is fairly underserved. My fleet will be very small (i.e. less than 5 cars) and the people renting them will, for the most part, not be very wealthy. As a side note some of the cars we may rent out will be leased or financed from a regional dealer.
Thanks!
Answer
It is difficult to obtain appropriate insurance coverage, when starting a rental car company. Here are some considerations to look for insurance:
1) Reach out to insurance brokers or agent
2)Consider reaching out to industry associations related to car rental companies, such as the American Car Rental Association (ACRA)
3)Explore regional insurance companies that cater to businesses in your specific area
4) Research and contact commercial auto insurance providers
Additionally, consider consulting with an insurance professional who specializes in commercial insurance
