The number of rooms, turnovers, number of staff, food served), type of building, events hosted in your property and all other services offered affect the level of risk and consequently the level of coverage. Rental apartments insurance is specially designed to cover these risks.

It is addressed to Rooms for Rent, Boarding Houses, Guest Houses, as long as they have a legal license to operate and a corresponding license from the EOT. The coverages that can be provided are:
Third Party Liability – This will compensate you for damage, loss or injury to third parties within your business. If, for example, a guest slips on a wet floor in your reception area, you could be held liable for their compensation.
Employer's liability – If you plan to employ staff, you should take out employer's liability insurance. This will mean that you will be covered if a member of staff is injured while working for you.
Buildings Insurance – Your property is usually your most expensive asset. Taking out buildings insurance will help cover the cost of repairing damage to the structure, up to full reconstruction. You should insure your business for the full reconstruction cost of your property. Make sure that the auxiliary buildings such as swimming pools, pergolas, retaining walls, etc. are within the building coverage limits
Content Insurance – When we talk about content insurance there are two aspects to consider: content insurance of our tourist unit and guest content insurance. For a tourist unit content is the equipment, furniture and contents of the rooms. It is important to calculate this cost accurately. Inaccurate estimates will prevent you from claiming potential compensation to have 100% these things replaced. It is also important to cover the "visitor's personal items". These tourist units can be targets for serious crimes and to ensure that you and your guests are safe, it is recommended that you invest in the aforementioned insurance.
Business Interruption – The main collateral damage, especially in the case of a catastrophic event or even a larger loss, is the loss of business profits from the subsequent interruption of its operation. Business interruption insurance is directly linked to the insurance of the company's assets, because it covers the loss of profits only from risks covered by the corresponding property insurance policy (example: if the company's property insurance policy provides for earthquake coverage, the insurance policy or business interruption coverage will compensate the loss of business profits that will be a consequence of the damages caused by an earthquake, while in the case that there is no earthquake coverage in the property insurance policy, it would not compensate it). The essence of business interruption insurance is to cover gross profit insurance, that is, lost expected net profit and fixed business expenses or increased operating costs in order to avoid a decline in sales. Finally, the main objective of insurance is therefore none other than to help the company return to the financial position it would have been in if the loss had not occurred.