Prince Edward Island Bed & Breakfast Insurance Specialists
As the owner of a bed and breakfast, your private residence has a number of rooms that are reserved for overnight guests, which you provide paid accommodations to that also include breakfast. Most of these establishments are charismatic older homes that have been renovated and decorated with antique furnishings.
The Coverage You Need
Bed and breakfast insurance is necessary to protect your property and help recover from any accidental loss. In addition, if one of your guests is hurt on your premises during their stay, you will need adequate liability coverage to prevent devastating financial loss.
Another important thing that you need to think about is what you will do if you ever have to close the doors of your bed and breakfast for a time. This can lead to significant financial loss, especially if it happens during the peak season. You never know when a fire will break out or a major storm will hit. However, with inn insurance you will be protected with financial support for replacement and repairs, as well as compensation for your downtime because the bills do not stop.
A quality B & B insurance policy will cover your personal property, liabilities and a wide range of additional coverage options. Your property coverage should include actual cash value or replacement cost, special cause of loss, business income and expenses, sewer backup, flood, earthquake, as well as coverage for newly constructed property.
You want a bed and breakfast insurance policy that covers all of the activities that you offer, as well as the food and drink that you supply. If you host special events at your inn, such as garden parties, weddings or day trips, then you will need to make sure you are properly covered. If you offer recreational accommodations like bicycle trails, gym access or a fishing pond, you want to make certain that your liability coverage is sufficient enough to cover all of these things.
From A Broker You Can Trust
When you have an experienced broker like Peake & McInnis on your side, you know that you do not have to worry about getting the right level of coverage. They will make sure that you are covered for property damage and bodily injury as well as personal injury, liquor liability if needed and advertising injury. They can even give you all the details on optional coverage such as food spoilage, crime , guest contents coverage and Mortgage Rate Protector.
Peake McInnis will take the time to sit down with you and talk about all of the changing circumstances that are associated with your bed and breakfast property. This will include any plans that you may have to increase the number of rooms you have available, for example. When you take care of these small details ahead of time, you can rest assured that you are prepared for the unexpected at all times.
Protection for What You Hold Dear
Being the owner and operator of a successful bed and breakfast is not an easy task. You have to be mindful of everything that you have on your entire property. It is your responsibility to keep your guests and your employees safe at all times.
When you have a policy that was put together by someone who understands your industry and all that has gone into building your business. You have the excellent advantage of a B & B policy that is written with care to address all the unique risks that you face on a daily basis. The right bed and breakfast insurance policy in place is like having your own private super guard to watch over all of your properties, guests and employees constantly.
When you have the kind of peace of mind that you can only get from an all-inclusive inn insurance policy, you are able to pay more attention to the important details of your business. You are able to focus on all the more profitable areas of running a successful bed and breakfast if you are not always worrying about accidents and natural disasters that could end your triumph in a single moment.
When you own a bed and breakfast, you are opening your home up to your guests and you want to make sure that they are all as comfortable as possible. There is a lot that you need to protect and you need an insurance policy that is designed to meet all of your special needs.
Do not wait until you are faced with a potentially devastating loss to be concerned whether you have a proper inn insurance policy. It is up to you to take action now to protect the future of your business.
All you have to do is click on the quote request button to connect with a trusted and reliable broker who is willing to go the extra mile to protect your bed and breakfast.