Starting a carsharing business on Tarlen is simple. You can list your vehicle and start advertising to renters in just 24 to 48 hours. All you need is a car that meets Tarlen’s eligibility criteria and an active commercial insurance policy.
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Why you need a commercial insurance cover
If you own a car with standard comprehensive insurance, carsharing counts as a commercial activity. That means your current policy won’t cover it.
Trying to use your regular insurance anyway is risky. Your insurer could void your policy and even block you from future coverage.
But the bigger danger is the financial risk. Running your carsharing business without the right cover exposes you to costs from:
- Collision damage
- Theft
- Third-party liability
- Wear and tear
This is why at Tarlen we don’t accept rentals on your vehicle until we’ve confirmed you have a commercial insurance cover.
How to get commercial insurance for your carsharing business
Before you list your vehicle, talk to your current insurance provider or broker about your carsharing business needs.
Your commercial policy should cover collision damage, theft, third-party liability and third-party driver/car hire cover.
Keep in mind: Third-party driver cover is different from third-party liability. It’s an umbrella policy that protects you when renters drive your car.
How does Tarlen protect you
Tarlen doesn’t provide commercial cover yet, but we do a lot to protect you and your investment when you rent out your car on the platform. Here’s how:
Vetting
Every guest goes through a strict verification process before they rent your car. That way, everyone who books is trusted and traceable.
Payment processing
Handling payments on your own can be risky. Tarlen processes renter payments securely so you don’t have to worry.
Your trip earnings are then paid directly into your account at the end of each booking.
Trip documentation
Recording your car’s condition before and after each trip is key in case of disputes. Tarlen’s app makes this easy with a built-in check-in and check-out system.
You can upload pictures of the exterior, interior, mileage, and fuel level when the trip starts, and do the same again when it ends.
What is the next step:
Starting a business has never been easier. If your car meets Tarlen’s eligibility and you have the right insurance, you’re ready to start earning.
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