Imagine the serene ambiance of a Bed and Breakfast (B&B), where each room is a cozy haven, and every guest is a cherished visitor. As a B&B owner, you've transformed your property into an income-generating asset and a sanctuary for travelers. However, with great hospitality comes great responsibility, including the need for comprehensive insurance coverage. Enter Wister Insurance, the trailblazers in modern B&B insurance policies, offering a tailored solution to safeguard your business and your peace of mind.
Wister Insurance is not just an insurance provider; it's a trusted partner in securing the future of your B&B. Their seasoned executives pioneered the contemporary B&B insurance policy, focusing on four core coverage areas: building(s), contents, income, and liability. Recognizing that each B&B is unique, Wister Insurance offers a range of customizable insurance options, from liquor coverage to workers' compensation and commercial auto insurance, ensuring that your specific needs are met.
At Wister, they are committed to earning your business by understanding the value of B&B properties and the challenges of insuring them. They take the time to learn about your unique project, reviewing your current policy to determine if it adequately addresses your business's distinctive requirements. The result is a meticulously crafted, comprehensive coverage and service package designed to suit your insurance needs precisely.
Owning and operating a B&B exposes you to various business commercial liability claims. Wister Insurance often reminds its clients that the number 1 liability exposure in life is driving a car, emphasizing the importance of auto insurance. But what about your number 2 liability exposure?
When you open your home to guests, you enter the realm of complex legal terms such as 'reasonable care' and 'assumption of risk.' With over a century of combined experience in personal service and public insurance, Wister Insurance has encountered and defended virtually every liability claim imaginable in the hospitality industry. From standard slip-and-fall incidents to more intricate cases like drownings, equine and bicycle accidents, invasion of privacy, and assault and battery, their expertise becomes your ally in ensuring your B&B insurance offers sufficient protection.
Traditionally, B&B owners were forced to juggle commercial property insurance and personal policies because guests posed a business risk, while owners fell under personal risk. Wister Insurance simplifies this by offering a single policy that covers both public liability insurance and personal use of your B&B. This integrated approach streamlines the insurance process, reducing complexity and ensuring comprehensive coverage.
Wister Insurance educates B&B owners about the nuances of insurance forms, specifically the difference between exclusion-based (all-risk) and named perils insurance. Named perils policies explicitly list what is covered, with basic and broad categories. Basic named perils typically cover fire, lightning, explosion, and more, while broad-named perils add additional coverage for falling objects, water damage, and collapse from specified causes.
Understanding these distinctions is crucial. If a peril isn't listed in your policy, it won't be covered. While many B&B owners find these lists comprehensive, it's essential to recognize potential gaps in coverage.
Every prudent B&B owner should opt for replacement cost valuation insurance. This policy ensures that, in the event of a loss, you receive compensation without accounting for depreciation. For instance, if your roof suffers hail damage, a replacement cost policy covers the full cost of replacing it, regardless of its age.
On the other hand, actual cash value insurance calculates depreciation, meaning you'd receive significantly less for an older roof. This difference could substantially impact your ability to recover from a loss.
At Wister Insurance, they understand that your expertise lies in the B&B business, not in navigating insurance intricacies. Their role is to empower you with knowledge and deliver the right insurance solution at the right premium, ensuring that your cherished B&B remains a sanctuary of tranquility and security for both you and your valued guests.
In the world of B&B insurance, Wister Insurance stands as the beacon of protection, providing owners with the peace of mind they deserve. So, as you continue to welcome guests into your cozy haven, let Wister Insurance be your trusted partner in securing your B&B's future.