CBIZ INNKEEPERS INSURANCE BLOG

In part 1 of our series, Business Survival Plan: Guide to Finance, we focused on how to be financially secure during a crisis. Part 2 is about contingency planning to help you prepare for unexpected events and minimize their impact. In this article, we’ll explore how to create your own contingency plans, how to be proactive on decreasing the impact of risks, and why these are essential to the Bed & Breakfast industry.

COVID-19 has had a significant impact on the travel and hospitality industries, leaving many Bed & Breakfast owners with unexpected financial losses. With news headlines predicting a future recession, owners of Inns are undoubtedly concerned. Our first article of this two-part series highlights the steps to take to be financially prepared for a crisis. Whether that is a second wave of COVID-19, a natural disaster or any number of other emergencies that could temporarily shut down your Inn. 

In honor of National Better Breakfast Day 2020 and International Coffee Day, our team at CBIZ Innkeepers wanted to pay tribute to the iconic breakfast that Inns are known for. Although not every Bed & Breakfast provides a full breakfast complete with eggs, bacon, and a side of French toast, many Inns do furnish a special treat for their guests. 

When selecting insurance coverage for your inn, it is important to know if your property is defined as a Bed & Breakfast, event space, or a short-term rental. Each type of property requires unique needs for running and maintaining guest accommodations. Distinguishing between the types of similar properties can be challenging. We are here to help you identify whether your lodging is an Inn by checking off the boxes of these 5 common attributes.

Bed and breakfasts are the cherry on top to the hospitality world. Their guests are looking for not only a place to rest their head after traveling, but they are also in search of a unique and local experience. When hosting a variety of travelers and managing an inn, it is crucial to be aware of the potential risks that come from opening your residence to guests.

Although you may not be able to stop wildfires from occurring in your area, there are measures you can take to reduce the risk of your bed and breakfast being lost to a wildfire. Planning your landscape, using proper building materials, and having a financial disaster fund are proactive steps in laying the groundwork for the safety and protection of your bed and breakfast property.

As the travel industry begins to reintroduce itself into the new normal, stringent cleaning measures will not only be vital to the health and safety of your guests but will also be a key factor in your inn’s success. A fundamental component is ensuring guests’ trust that the property has been properly disinfected and cleaned. Here’s a deeper look into the new cleaning protocols and initiatives designed as a guide to ensure guest safety and peace of mind during their stay.   

There are so many decisions you have to make daily in order to keep your innkeepers business running smoothly. It can feel a bit overwhelming, just like navigating the insurance world. With a plethora of providers, policies, and coverage needs, insurance is something not to be taken lightly. Rest easy knowing that you have the best, most comprehensive coverage for your bed & breakfast.

CBIZ Innkeepers Insurance Program is taking action to minimize the risk to our employees and disruption to our customers. We recognize that this is a rapidly changing situation and have contingency plans in place to prevent any disruption of our services, including the ability to conduct business with a remote work staff. You can rest assured that we will continue to provide our customers best-in-class service and support your insurance needs going forward.