Bailee’s insurance generally protects businesses who are temporarily in possession of another person's or business’ property from damage or loss of customer property while on the premises or in transit. Coverage is often protected from theft, water damage, collisions, and explosions.
A company that often stores or repairs customer property could add Bailee's coverage. Examples include jewelers, dry cleaners, and tailors,
Something many businesses don't know is that commercial insurance carriers have preferences for which types of businesses they insure.
The problem for most business owners is that they don't know which carrier is the best fit for their business, leading to high premiums or declined applications for coverage .
The 321 LaunchPad is connected to the largest network of commercial insurers available anywhere. We match your business with a qualified insurer so you get the right coverage for a fair price.