Bed & Breakfasts:

Just like each bed & breakfast is distinctive, the insurance coverage they require is equally unique. As a result, NTIS worked with various insurance companies to see that coverages can be tailored to handle this unique risk.

Various coverages are required. The following are the key coverages to be considered:

Property– coverage can be written on guaranteed replacement cost in order to make certain the property will be returned to its original splendor, should a loss occur. Coverage can also be written for the contents, irreplaceable items and business income.

General Liability– coverage extends to the business, its guest and resident relatives. The coverage takes into account the additional risks due to serving breakfast and afternoon tea, liquor and recreation areas such as a pool.

Careful consideration should be taken when insuring your bed & breakfast; not only because it’s your business, but it’s also your home.