What is Bed and Breakfast Insurance?
B&B insurance is a type of business insurance, also referred to as guest house insurance or lodging insurance.
It’s typically formed of a number of standard covers with the option to include additional cover depending on the particular needs of your business.
Typically, the standard covers within a bed and breakfast insurance policy are:
- B&B public liability insurance
Public liability insurance for a bed and breakfast business will form an essential part of your cover.
Should a guest, member of the public, or any other third-party injure themself while on your property, you could be liable for a claim. For example, a fault with an electrical socket in one of the bedrooms causes a guest to suffer an electric shock.
B&B public liability insurance covers legal expenses and compensations for claims from business-related losses or damages.
- Building insurance and business contents insurance
B&B house insurance will protect your property from the financial implications of an event such as a fire, flood, or burglary.
While your building insurance covers the structure of the building and permanent fixtures and fittings, such as a fitted kitchen or bathroom, business contents insurance will cover your furnishings, the equipment your business relies on, and your stock.
Your bed & breakfast insurance can also include cover for employee and guests’ personal effects. For example their phone, laptop, jewellery and even their vehicle.
B&B business insurance can also include business interruption cover. This will help to protect your income if you are forced to close your doors temporarily. For example, if your property is damaged by fire or flood.