RSA - Bed & Breakfast Insurance
Bed & Breakfast
Our Bed & Breakfast package is specifically designed for small and medium enterprises where the business owner’s private residence is used to provide bed and breakfast (B&B) accommodation for travellers.
Target classes
This insurance package is specifically designed for entrepreneurs who own Bed & Breakfast Tourist Homes [SIC 7054 class only].
Eligibility
To be eligible for this package, the business must meet these criteria:
- It includes a maximum of 8 rooms
- If it serves liquor, the business is licensed, and liquor sales comprise a maximum of 25% of total operational sales
- The building is less than 35 years old; if older, it has been updated in the last 20 years
- Offering B&B accommodation is the primary business activity
Inns, Motels and Hotels are not eligible for this package.
Package highlights
This package includes the standard coverage included in our Commercial Insurance package policy, with numerous enhancements specifically for this industry, including: B&B Personal Liability Extension, B&B Replacement Cost (excluding Stock) Extension and B&B Building & Contents (Broad form) Amendment. It also includes:
Coverage
Limit
B&B Voluntary Payment for Damage to Property Expense Extension
$1,000
Innkeepers’ Liability Extension
$1,000/guest, up to $25,000 per occurrence
B&B Additional Buildings Extension
10% of building limit
B&B Additional Living Expenses Extension
$25,000
Coin Collection
$1,000
Manuscripts and Stamp Collections
$2,000
Personal Watercraft and Accessories
$3,000
Garden Tractors and Accessories
$10,000
Land and Water Pollution Clean-up
$25,000
Contact Monarch Insurance Brokers for more information.