Airbnb just announced it’s upping its host guarantee system from $50,000 to $1 million. The home-tel business, a cornerstone of the new Sharing Economy, has partnered with prestigious insurance firm Lloyd’s of London to offer hosts increased protection against potential property damages caused by guests. It’s a cushy upgrade from Airbnb’s original $50,000 host guarantee, which the company installed in response to last year’s PR fiasco, in which a San Francisco host reported her guests had vandalized her home. But don’t get too excited: You can’t just cash in on a few rogue Solo cups. Claimants are subject to an online documentation process and potential inspection.
World Changing Ideas
New workplaces, new food sources, new medicine--even an entirely new economic system.
The major tech ecosystems that battle for our attention and dollars.
What’s next for hardware, software, and services.
The brave new world of automation, from AI to drones.
How our urban centers are building toward the future.
Most Creative People
See members of our Most Creative People in Business community: leaders who are shaping the future of business in creative ways.
An award-winning team of journalists, designers, and videographers who tell brand stories through Fast Company's distinctive lens.