You would need to obtain a surety bond. The amount of cash or security needed would depend upon the amount of the bond.
You are not required to purchase insurance from a rental car company. However you are required by law to have insurance. If you have your own insurance call your insurance company and ask what they cover for rental cars, then once you get to the rental car company ask them what their insurance covers, then use which ever one you feel is best for you. If you do not have personal insurance, I would definitely take out the rental cars insurance.
Loaded Question! 1st The rental company will force you to have Insurance or buy theirs. 2nd Check with your credit card company, mine covers rental car Collision and Comprehensive if the rental is paid with the credit card. You may be able to buy insurance through your home policy, But this depends on where you live and what insurance company.
Your company needs commercial auto insurance if there are any vehicles being driven for business purposes. This includes rental vehicles, employees using their vehicles, or vehicles the company owns. Normal commercial auto insurance limits are $1,000,000 per occurence covering both bodily injury and property damage. (BI/PD). Physical damage coverage, towing, and rental car coverage can also be added. Commercial auto insurance only costs slightly more than personal auto insurance and is a good investment to help you protect your company if any vehicles are used in the course of your operations.
You will need two types of insurance. Commercial for hire vehicle insurance that covers the your vehicles while on the road. Since this type of vehicle insurance can easily cost more than 10 thousand dollars per year per vehicle, most rental car companies are self insured. The other Is Commercial general liability insurance for your company. Happy Motoring
There are several commercial auto insurance companies that provide insurance to businesses that run a car rental service. These are a few major insurance companies that give free quotes which are Geico, The General, and Progressive. However depending on where your business is located these agencies may not be suitable for you.
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