Mark Lavington Cert CII – Director of specialist furnished holiday let insurance brokers Boshers Ltd, explains the importance of liability insurance for holiday home owners.
“As a responsible holiday home owner you will always ensure that your holiday home is as safe an environment as possible for your guests and employees to frequent. However, it is often the unforeseen that will cause accidents leading to compensation claims which can be substantial.
A slippery path, a loose paving slab, weather beaten garden furniture! – Have you inspected yours lately?
A comprehensive Holiday Home Insurance policy, such as that arranged by Boshers will provide cover to indemnify you against your legal liability to pay damages and legal costs arising out of claims for bodily injury, death, disease or illness from a third party such as an employee, (i.e. a cleaner, gardener or key holder) and paying guests in connection with the running of your second home as a furnished holiday let.
How much Employers Liability Insurance should you have? If you have a contract of service with anyone who helps you maintain your holiday let business, whether spoken, written or implied and you provide them with work materials and equipment, then you may be regarded as their employer, irrespective of their tax status. It is a legal requirement, that you have in place Employer’s Liability Insurance of at least £5m, in practice many insurers provide cover of £10m.
How much Public and Products Liability Insurance should you have? Whilst not a compulsory insurance, we would recommend cover of at least £3m for small properties that sleep up to six guests and £5m for larger properties.
The above cover is generally provided as part of a packaged Holiday Home Insurance policy, also covering the buildings and contents of your holiday home”.
For articles on Health & Safety for holiday home owners visit Boshers Holiday Home Insurance Blog.
A 10% introductory discount is available to whichcottage.com owners insuring their holiday homes and cottages with Boshers.
“Having dealt with Boshers Ltd for insurance for my own home and holiday home I found them to be refreshingly informative, efficient and helpful – they were also able to produce a policy that covered several properties insurance in one – and saved me money! for example an annex / Granny flat – self-catering, and full time rental home on a mutliple buildings policy – alongside a liability policy – definitely worth contacting them for a quotation, I found them so helpful. Lots of relevant and interesting information is regularly posted on their blog.”
whichcottage.com – Director 5th Gear Ltd