Likely limitations re: insurance for boat hire

[ReverendCounter]

I’d like to buy a small rib-type boat at some point in the future and make it available for hire as a bare boat. However, having a look at existing hire outfits, it seems that insurance co’s seem to be imposing restrictions, ie will not allow their craft to be operated outside of harbours/estuaries.

Is this known to be a firm condition of insurance approval or a restriction imposed by the owners (mitigating risk, perhaps)?

[Simpo Two]

I suspect the insurance company, but you could talk to someone like www.craftinsure.com and find out. I see they have a RIB section.

[ReverendCounter]

Ah, thanks - will look into that. I like the look of River Boats 350 XR, but I am left wondering what the policy premium will be. Soon find out I suppose.