Is Your Property Protected?

bailee insurance application

When a business takes possession of a customer’s property and holds it during service they are acting as a bailee and the customer is the bailor. Businesses such as jewelry stores, dry cleaners, computer repair shops and tailors are just a few examples of bailees. Businesses in this category should have active bailee insurance coverage to protect your property. When a business fills out a bailee insurance application they are asked extensive questions that include whether or not they have a working alarm and video equipment, if they are up to code on fire prevention and if there are locks on all doors and windows. These questions act as a great reminder for businesses so they think through potential risks.

Tips When Choosing a Service Provider

Whether you are dropping off your new engagement ring or your laptop you will want to choose a service provider you can trust. Don’t be afraid to ask questions to ensure you choose a business that is prepared to protect your property. Potential questions you could ask include:

Never be embarrassed or afraid to ask questions. At the end of the day, trust your gut. If something feels off choose a different business to work with.