The legal framework under which a business operates, such as a sole proprietorship, partnership, limited liability company (LLC), or corporation. Choosing the right business structure for a short-term rental business has implications for liability, taxation, and administrative requirements.
Glossary Term: Liability
Insurance products or services that offer coverage for accidental damage caused by guests during their stay, providing financial protection for hosts.
Measures taken to ensure the safety of guests using pools, hot tubs, or other water features at a short-term rental property. This includes providing safety equipment, clear signage, and potentially enforcing rules regarding usage and supervision.
Strategies and measures taken to safeguard personal and business assets from potential liabilities and lawsuits. This is particularly important for short-term rental owners who may face risks associated with property damage or guest injuries.
Airbnb’s comprehensive protection plan for hosts, covering property damage and liability claims up to specific limits.
The essential protection for short-term rental hosts, encompassing liability coverage, property damage protection, and potential legal expenses arising from guest-related incidents.