Bailee Coverage
What is the Bailee Coverage?
Bailee Coverage is inland marine insurance that protects property belonging to your customers while it is in your possession, custody, or control. This covers customer-owned materials, components, or products you are processing, assembling, repairing, or storing.
Why it Matters for Manufacturers
If you handle customer property—whether for contract manufacturing, repair services, or custom assembly—you are legally responsible if that property is damaged, destroyed, or stolen while in your facility.
Without Bailee Coverage, a fire that destroys $500,000 worth of customer materials could result in lawsuits and financial ruin.
This coverage protects your business relationships and financial stability when you are entrusted with valuable property belonging to others.
Customer Property Tracker
Track customer property in your facility and receive deadline reminders
$
Pro Tip: Document all customer property with photos, condition reports, and signed receipts upon arrival. Review this tracker weekly to ensure timely returns and adequate insurance coverage for total property value.