Understanding Bed & Breakfast Insurance
B and B insurance provided by a name you can trust
You take pride in the upkeep of your Bed & breakfast, so ensuring your business and livelihood is covered against a number of potential dangers is important. Bed & Breakfast Insurance from The Insurance Octopus is designed to give you peace of mind should an insured peril occur. You won’t want to worry about the possible loss, damage or theft from your guest house, or expensive claims as a result of an employee or customer being injured within your premises. Risk can be associated within many areas of your bed and breakfast establishment, so by having a comprehensive business insurance policy you can financially protect your business. While similar to home insurance B & B insurance goes that step further potentially providing cover for guests, employees, and all their contents.
Our B & B insurance policies are designed to allow you to add, remove, increase or decrease all areas of the policy. With the help of our insurance specialists, you can tailor your bed & breakfast or guest house insurance policy to the way you want it; ensuring you have all of the essential cover you need in one business insurance policy. With cover for a range of property types available, speak to one of our specialists today.
What your bed & breakfast insurance policy includes
Public Liability cover
Public Liability cover protects your B and B business if one of your customers is injured, or their property is damaged. Public liability insurance protects you against the cost of repairs or any legal proceedings that may be filed against you. Standard levels of cover are available from £1m to £5m, with additional levels of cover available upon request subject to terms and conditions.
Product Liability insurance for Bed and breakfasts
Products Liability insurance covers you as the business owner against claims from third parties of up to £5m from claims arising from faulty products which cause bodily harm; for bed and breakfasts for example this could include goods or food served.
Employers Liability insurance
If you have one or more employees then by law, you are required to have employer’s liability insurance. This is a standard £10m and will protect you as the employer against claims from your staff should they be hurt when working for you.
Buildings & Contents insurance
Buildings & Contents insurance will protect your building against any unforeseen events. To get the best B & B insurance quote, make sure you have the right buildings sum you need insured; this is not always the price you can sell the building for.
Money, Glass, & Accidental damage
An optional extra, this can be covered at the levels you need with further add-ons, including deterioration of stock, business interruption, Commercial Legal Expenses and loss of licence cover.
Benefits of having bed & breakfast insurance
Your home is your castle; and when you run a B & B you open up your home to outside guests regularly. With that in mind during the running of your B & B you’ll appreciate there are certain risks and eventualities you’ll want to protect yourself from. These could include:
• Theft within your home of guests and B & B property
• Assaults on yourself and your staff
• If you serve food, food poisoning claims
• Flood and fire risk to your property
Cover from risks
Everyday risks can also be associated with natural causes which could result in your business temporarily incapable of operating. In these types of situations, your staff could potentially hold you legally accountable which a court of law may also agree. In other situations, you could have suffered serious stock losses as well as a loss of income. At The Insurance Octopus, we cannot stop any of these unfortunate events happening, but we can help you find a business insurance policy that provides the right financial protection for your bed & breakfast establishment.
Letting out rooms on Airbnb?
Airbnb makes it simple to guests for your rooms and if you live at the property whilst letting out rooms short term then we can provide a personalised B & B insurance quote for you.
Why choose The Insurance Octopus for Hospitality Insurance?
We proudly make buying insurance different and our cover comes with a range of benefits.
Up to £5 million of cover
Claims can be expensive, that’s why we offer up to £5 million worth of public liability cover for hospitality businesses - with more available upon request.
Fast specific cover
To help save you both time and money. We compare prices from a range of different insurers so you don’t have to.
An expert who knows your industry
We'll connect you with an agent who is an expert in your field. They understand many of the challenges you face, and can truly get to grips with the type of cover you need.
Easy claims process
Accidents can happen, so when something does go wrong you can rest easy knowing our team is on hand to make the claims process as quick and stress free as possible.
Octopus customer rewards
We pride ourselves on the value we offer our customers, and with Octopus Customer rewards we give our customers a few additional benefits to their insurance such as discounts and offers to save them money.
No mid term fees, ever
We don’t charge any mid-term fees at all during the life of your policy – so there are no hidden fees following any changes you might need to make.
Bed & Breakfast Insurance FAQ's
Get the answers you're looking for
How does theft of takings cover work?
Takings on the premises are covered by money insurance, which includes cash, cheques, postage stamps and other non-negotiable money. Personal assault cover is often included, to provide compensation to you or a member of your staff following injury from a theft or attempted theft of money. Any damage to the building during a theft will normally be covered by your contents insurance.
What level of buildings insurance do I need?
Buildings insurance will provide protection for your bed and breakfast against unforeseen events like fires, floods and storms. The building insurance will cover permanent fixtures such as the roof, walls, ceilings, door, windows, floors, kitchens and bathroom suites. The policy level should cover your bed & breakfast for the cost of rebuilding, rather than its market value.
Can I protect my guests and employees personal possessions?
There is an additional option available to provide cover for loss or damage to your guests and employees personal possessions. This will ensure any valuable items held on the premises such as computers, jewellery, money and sports equipment are adequately covered. Levels of cover differ for the various effects and we will be happy to talk through the options with you.
How it works
Examples of B & B Insurance in action
That sinking feeling
The owners of a small bed and breakfast feared the worst after multiple guests were taken down with food poisoning one morning. Things looked very bad after several of their former guests took legal action against them. Fortunately, even though the case did not find in their favour, they had Product liability insurance, which covered the liability they had for the incident that had taken place. This covered the cost of the settlement following the conclusion of the action.