Boats--Motor or Sail--Rented to Others

What Does GL Code 10117 Cover?

ISO GL class code 10117 covers businesses engaged in renting motorboats or sailboats to others, typically for recreational purposes. This class specifically applies to operations where the boat is rented without a crew, placing the responsibility for operation on the renter. It classifies the general liability exposures associated with the ownership, maintenance, and rental of watercraft.

Who Uses This Class Code?

Businesses that operate boat rental fleets, marinas offering boat rentals, watersports centers providing uncrewed boat hires, and vacation rental properties that include boat access for guests.

Common GL Claims for This Class

Common claims include bodily injury to renters or third parties due to collisions, capsizing, or docking incidents, and property damage to other vessels or docks caused by renter negligence or equipment malfunction.

Coverage Tips for Code 10117

• Ensure your policy includes adequate watercraft liability coverage, as standard GL policies often have exclusions for owned or rented watercraft.
• Verify that renters sign comprehensive liability waivers and that your policy does not exclude claims arising from such agreements.
• Regularly inspect and maintain all rental boats to prevent mechanical failures that could lead to accidents and subsequent liability claims.
• Understand the audit basis for your policy, which is typically gross receipts, and maintain accurate records to avoid unexpected premium adjustments.