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Tiffany Said:

Insurance for a bed and breakfast (school project)?

We Answered:

OK, see, you've got HUGE variables here. How much does it cost to rebuild the barn? The house? How much fence do you have? What's the construction material? Protection class? How old are your structures? Are they all fully sprinklered? How many horses? What are the gross receipts from the B&B? What are your payrolls for employees, and for how many employees?

Lots more, but it's very, very detailed - including driving records for the person driving the business auto, what KIND it is, how far they go, what exactly they DO with it.

If I had to pick a number off the top of my head, a range, for insurance for this type of business, it would be anywhere from $6,000 a year (small mom and pop run, no employees, two horses, $500,000 total property coverage, gross receipts under $15,000 a year) to $25,000.

Typically, B&B's run on a VERY thin pricing margin, and if you add liabiltiy for HORSES thrown in, you're probably not going to bring in enough in sales to cover your insurance costs.