Anyone thinking that they might need bed & breakfast insurance to cover their business, should know the basics.
Like any cover, you need to ensure that the bed & breakfast insurance you are considering will fully protect you, your business and your guests.
So here are a few basics when you’re considering what bed & breakfast insurance to take out.
Firstly, if your property can accommodate up to six guests on a bed and breakfast basis, then your house insurance must have a public liability clause. The problem is of course, that most house insurance polices exclude this sort of cover, so you need the help of a specialist intermediary. And they will be able to source policies that include the all-important public liability insurance, as well as cover for your property, its contents and your personal possessions. Accidental damage cover would also be a useful addition.
Secondly, use an intermediary, because going to direct to some insurance companies can mean a lot of time and effort when they can’t offer you bed and breakfast cover for a certain reason. This might be because you have had a claim in the last five years, or your property has had to be repaired because of subsidence, or landslip problems. This latter problem can cause problems for many people and insurance companies are particularly keen on matters such as a property’s location as regards areas of potential subsidence and flooding.
All in all, when it comes to niche insurance policies such as bed & breakfast insurance, get professional help as soon as you can.
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