Legal Question in Business Law in Michigan
I would like to start a boat rental business on the lake near my home,as there is a state park on this lake with no way for campers to go fishing. My thought was I would put an advertisement on the bulletin board at the park, interested persons would call me and I would meet them at the city boat launch and send them off for the day, returning to get the boat at a predetermined time and haul the boat back home. What issue do you see, would there be big legal issues to resolve, could I have them sign a waiver releasing me of liability while they use it, do I need millions of dollars of insurance? Any advice would be appreciated.
2 Answers from Attorneys
Having insurance is always advised. What if the renter killed someone with the boat? They would certainly be coming after you. A release can often be thrown out, so yes, insurance should be obtained. Kliszlaw.com. Tim Klisz
As a Franchise Attorney I agree with the other attorney answer. Waivers won't hold up and insurance is your best . . . insurance. Also, you would need permission to post the ad on the park bulletin board, which would be problematic. Consult with a good business or franchise attorney in your area for specific advice.
Mr. Franchise - Kevin B. Murphy, B.S., M.B.A., J.D.
Franchise Foundations, a Professional Corporation
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