April 8, 2021

Bailee’s Coverage: What exactly is it? Who needs it?

Bailee’s Coverage: What exactly is it? Who needs it?

Bailee’s coverage is insurance that protects you from the consequences of a loss or damage to your clients’ property.

A “bailee” may be any person or business who has been given temporary custody of someone else’s property. Typically, bailee coverage covers fire protection and theft, but business owners should also inquire if their policy covers losses resulting from the following types of incidents: (insert Read More… here)

  • Collision
  • Robbery
  • Wind damage
  • Explosion
  • Lightening
  • Burglary
  • Water or Flood Damage

If you’re in the restoration business, you need Bailee’s because your business takes control of your clients’ belongings. Bailee’s coverage can cover losses to customers’ property due to perils including fire, lightning, theft, burglary, robbery, windstorm, explosion, collision, floor, sprinkler leak, earthquake, strike and damage or destruction in transportation.

About the Author

PIASC is the largest graphic arts trade association in the country. They are devoted in helping members succeed. For over 80 years, they have been servicing businesses in Los Angeles, Orange, Riverside, San Bernardino, San Luis Obispo, Kern, Ventura and Clark counties.

Leave a Comment

Your email address will not be published. Required fields are marked *

Comments (0)

Protect Your Business and Thrive

Get Insurance Review