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Airbnb, the service that allows you to turn your residential property into a guesthouse, has enjoyed phenomenal growth in South Africa over the last few years thanks to daily holiday rentals that can be more lucrative than long-term letting. However, many budding Airbnb entrepreneurs could be inadvertently falling foul of their insurance policies, says Standard Insurance Limited.
• Cyber incidents and natural catastrophes are new emerging risks for the sector • Political risks and violence are increasingly becoming a concern for the industry • Embracing of new technologies led to the drop in risks emanating from artificial intelligence and nanotechnology
If you had to choose one approach to protect your hard-earned investment cash from today’s market madness, which would it be?