Water Craft Rentals (specifically pontoons)

[Ryan Fernholz]

Hi, all. I'm looking for some advice to share with my 18 yr old son. My wife and I currently own a lake house that we rent weekly in the summer. We have had several inquiries from our guests about pontoon rentals in our area. We refer them to a few local businesses and basically stay out of it. My son asked about us just buying one for our property and renting it out ourselves. I have to admit, it would be a nice perk for our guests and would generate additional income. I asked him to do the research and come back to me with a plan. I'm curious to see what he comes back with and if liability is even something he'll be thinking about. I am very concerned on the liability, however, and plan to call my insurance company tomorrow to see what coverages are available. Any advice would be appreciated, thanks!