If you own a property in a desirable area for business or leisure travellers, opening a bed and breakfast can be a great low-cost, high-margin business venture. However, if you don't get the right insurance and something goes wrong, you'll quickly find yourself with very expensive lawsuit or property repair costs that could financially ruin your business for good.
Thankfully, as long as you have business insurance, you can rest assured that you'll be able to financially handle any problems thrown your way.
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