In addition, there are basic insurance policies that you need to consider for your rent a car business. As an illustration, they are the following:
- Liability Insurance
- Collision Damage Waiver
- Personal Accident Insurance
- Personal Effects Coverage
- Commercial Auto Liability
- General Liability
- Worker Compensation
When it comes to insurance, it is best to decrease it by offering the customers complying with some of the following regulations:
- Occupational Safety and Health Administration (OSHA)
- Safety and Fitness Electronic Records System (SAFER)
- Federal Motor Carrier Safety Administration (FMCSA)
- Environmental Protection Agency (EPA)
- National Highway Traffic Safety Administration (NHTSA)
Determine the Location Of Your Business
Another key consideration is to choose the location of your business. If you plan on starting with medium or a large scale then you need to consider the location is large enough.
