Airbnb rolls out US$1 million liability insurance for accommodation hosts

Airbnb has rolled out an additional liability insurance program that will provide up to US$1 million (A$1.16 million) worth of protection to Airbnb hosts for their listings in the US.

The company, founded in California in 2008, allows people to list, discover and book accommodation around the world, whether it’s an apartment for the night or a shack for a week.

It already provides hosts and guests with information about how they can make their listing safer and more secure, and a $1 million Host Guarantee provides reimbursement in cases of property damage.

The additional liability insurance program, Airbnb Host Protection Insurance, will provide up to $1 million worth of protection to hosts for their listings in the US if a guest is accidently injured anywhere in a host’s building or property during their stay.

It provides coverage for Airbnb hosts and, where applicable, their landlords. The coverage will be automatic at every stay at a listing in the United States and the company is actively working on ways to expand it internationally.

This article first appeared on SmartCompany.