Benefits of having Bed and Breakfast insurance
The primary benefits of having specialist insurance is the peace of mind and financial protection it provides for you and your business. Without it, any costs for damage, loss of earnings, injury and personal damage claims, or legal fees come out of your own pocket. These can quickly escalate and leave even well-established and profitable businesses struggling to survive. Not having insurance isn't worth the risk.
Do I need Bed and Breakfast insurance?
If you run an Airbnb or small bed and breakfast business, a generic insurance policy may be sufficient. However, a tailored package that includes coverage specifically related to the hospitality industry provides you with far more comprehensive protection. Remember, ordinary home and contents insurance won't cover you for business activities, so you need some B&B insurance that will protect you, your business, and your home.
How much does it cost?
Costs vary depending on your level of cover and specific risks, but bear in mind that the cost of not having insurance could significantly outweigh the initial price of taking out a policy. At Park Insurance, you can be certain that we’ll never try and ‘upsell’ you any insurance you don’t need. Our advisors are here to help you make the best choice for your business.