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)
- Wind damage
- 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.