You have to make sure that your property is correctly maintained so that guests remain safe. Therefore, you have to make sure that everything is in safe, working order both indoors and outdoors. Your guests will expect a certain standard and this means that you have to do all you can to meet them but sometimes things do not always go to plan. There are many risks associated with running a bed and breakfast that could result in a guest making a claim against you and this could prove costly for your business. If you provide guests with incorrect advice, act negligently or cause injury then they have the right to make a claim against you. This claim could be submitted in an attempt to recover lost finances or to receive compensation. Therefore, your main priority should be ensuring that you have the right insurance in place.
Business insurance will protect your business from these claims and that is why it is important to have it in place. It will cover every cost associated with defending a claim as well as paying compensation and this can protect your finances. Mistakes and negligence can occur at any time but ensuring that you are protected will help to minimise the damage a claim can cause.
Also see: Business insurance for hotels and guest houses