Understanding the Insurance Requirements of SB606 for Boat Rental Operators in Florida
As a boat rental operator in Florida, it is important to understand the insurance requirements of SB606, also known as the Boating Safety Act of 2022. This state bill has significant implications for boat rental operators, including both commercial and peer-to-peer operators, and failure to comply with the insurance requirements can result in legal consequences and financial liability.
So, what are the insurance requirements of SB606 for boat rental operators in Florida? Here is a comprehensive overview:
I understand that I am refusing to purchase a boat rental insurance policy that could cover up to $500,000 per person and $1 million per event for damage or injuries caused directly or indirectly by my usage of this vessel.This coverage is being offered to me at the following price: [INSERT BINDABLE PRICE HERE OF INSURANCE BEING DECLINED].I understand that I may not have other insurance to cover any damage or injuries and may be personally liable for my use of this vessel during the rental. This section does not apply to human-powered vessels.
Insurer must also retain a copy of the quote, price offered, and any signed declinations that result from this statute. By understanding and complying with the insurance requirements of SB606, boat rental operators can help ensure the safety of their renters and protect their own businesses. It is important to work with an insurance provider that is familiar with the requirements of SB606 and can help you secure the necessary coverage.
In addition to the insurance requirements, SB606 also requires boat rental operators to obtain a no-cost livery permit from the Florida Fish and Wildlife Conservation Commission, deliver pre-rental safety and operational instruction to renters, report any accidents or unnecessarily overdue rentals to the FWC, and display boating safety information in a place visible to the renting public. By understanding and complying with all of the requirements of SB606, boat rental operators can help ensure the safety of their renters and protect their own businesses.