Insurance for B & B2022-10-31T07:06:27-06:00

BED AND BREAKFAST INSURANCE PROGRAM

bed and breakfast insurance

The Nation’s Most Experienced Bed and Breakfast Insurance Coverage Program

Wister general liability insurance broker executives pioneered the modern bed & breakfast insurance policy, and it starts with four coverage areas: building(s), contents, income, and liability. Each policy is unique and may require different insurance options, such as liquor coverage, workers compensation, commercial auto insurance, and so much more.

We Identify, Customize, and Deliver The Best Bed and Breakfast Insurance In The Industry For Clients

At Wister, we want to earn your business. We understand the value of B & B properties to the industry and the challenges related to insuring them. Let us take the time to learn about your special project. We will review your current policy specifically to see if it meets the unique needs of your business and deliver our best custom comprehensive coverage and service specifically designed to suit your insurance needs.

When You Own A B & B, You Are Opening Yourself Up For Business Commercial Liability Claims

We often tell our clients that the #1 liability exposure in life is driving your car, and heaven forbid you injure someone while driving. Auto insurance is vital. As well as homeowners insurance. Then we ask, what is your #2 liability exposure in life?

The answer is…

When you open your home to guests, you have now crossed into the world of complicated law and legal terms such as ‘reasonable care’ and ‘assumption of risk’. Our insurance company has over 100 years of personal service and public insurance experience, we have seen and defended virtually every liability claim conceivable that a hospitality business needs.

This includes standard slip & fall, drownings, equine and bicycle accidents, invasion of privacy, assault & battery, and so much more. Our experience is your ally in making certain your b&b insurance is sufficient. Call us today for a free analysis from the experts at Wister Insure.
You have worked hard to turn your B & B into an income-generating asset. Now let Wister protect it.

You have worked hard to turn your B & B into an income-generating asset, now let Wister protect it.

One Policy Covers Both Public Liability Insurance & Personal Use of Your B & B

In the past, many owners were forced to manage commercial property insurance and personal policy. Bed & breakfast insurance does not fit into one category as the guests pose a business risk, while the owners fall under personal risk. Wister allows you to manage the protection with one policy.

Wister Insurance

Highlights & Options:

Building
Amenities & Activities
Personal Liability
Employee Benefits Liability
Cyber Liability
Inland Marine
Foodborne Illness
Homeowners
Personal Property Damage
General Liability

Contents
Small Business Insurance
Umbrella
Workers Compensation
Equipment Breakdown
Crime & Fidelity
Bells & Whistles
Business Risk Management
Liquor Liability

Income
Whole Life
Professional Liability
Crisis Management
Directors & Officers
Best Prices
Home
Other coverage available
+ More

Highlights & Options:

Building
Amenities & Activities
Personal Liability
Employee Benefits Liability
Cyber Liability
Inland Marine
Foodborne Illness
Homeowners
Personal Property Damage
General Liability
Contents
Small Business Insurance
Umbrella
Workers Compensation
Equipment Breakdown
Crime & Fidelity
Bells & Whistles
Business Risk Management
Liquor Liability
Income
Whole Life
Professional Liability
Crisis Management
Directors & Officers
Best Prices
Home
Other coverage available
+ More

Exclusion-Based Insurance vs Named Perils Insurance for Your B & B

Many owners are unaware of the difference between the two major insurance forms; the special form (all-risk or exclusion-based) and the basic or broad form (named perils).

The coverage forms are the foundation of every insurance policy; what is included?

Named Perils: The insurance contract will ‘name’ or list what is covered with a named perils form. There are two types: basic and broad.
Basic names 11 offer fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicle collisions, riot or civil commotion, vandalism, sprinkler leakage, sinkhole collapse, or volcanic action.

Broad names everything basic does but adds 4 more – falling objects, the weight of snow/ice/sleet, water damage in the form of leakage, and collapse from specified causes.

If your location has a peril and you file an insurance claim for anything not named above, there would be no coverage. Most b&b owners feel this is a comprehensive insurance list, but the reality is it can be misleading.

Special Form: What Wister offers is labeled a special form or an exclusion-based form. What this means is everything is covered unless it is specifically excluded. A few standard exclusions include wear and tear, intentional damage, earth movement, flood, fraud, war, and a few more.

However, special form coverage is far superior to named perils for a B & B property owner. Not one named peril is excluded, and you receive coverage for things such as spillage of paint or wine, or wild animal damage, as again, if it is not excluded, then it is covered!

Replacement Cost Valuation Vs Actual Cash Value Insurance

Every B & B owner should have replacement cost valuation insurance. What this means is ‘new for old, without a calculation on depreciation in the event of a loss.

A great example and common claim would be hail damage to your roof. Assuming total damage to your roof, even if it is 15 years old, with replacement cost, you would be covered for the full replacement of your roof.

This same example with actual value insurance would not pay for the full roof. It would calculate the 15-year depreciation, then pay you the difference. Given most roofs have a 20-year life expectancy, you would only be paid 25% of the replacement expense.

At Wister, we understand you are in the b & b business, not an insurance company. That is what we do. Our job is to educate you on insurance details and then deliver the right solution at the right premium.
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