Do you need a business policy for your home?

Question:

What if I run an Air BnB from my home and there is loss or damage caused by one of my guests?

Air BnB is often a quick and easy way to generate extra income, but with this extra income, comes extra risks.

Answer:

You will need to insure the property under a business policy as you would if you were renting out the building with the policy covering the contents inside the building. A business policy will be able to accommodate your Air BnB as it is a business and covers the suitable requirements for a BnB as opposed to a household policy.