Bailee’s Liability Insurance

What is Bailee’s Liability Insurance?

Bailee’s Liability Insurance covers businesses (known as “bailees”) that temporarily take possession of property owned by others. This insurance protects the bailee’s legal responsibility for loss or damage to clients’ property while it is in their care, custody, or control, ensuring that businesses can compensate clients for any loss or damage that occurs. This type of insurance is essential for businesses that are compensated for holding or handling others’ property.

 

Who needs Bailee’s Liability Insurance?

Any person or organization that would be legally liable for third-party property under their care should consider Bailee’s Liability Insurance.

What can be insured under Bailee’s Liability Insurance?

Legal liability to a third party in connection with the insured’s business

  • Liability of Warehouseman (Storage)
  • Carrier Liability (Transit)
Why would a business need Bailee's Liability Insurance?

Buying Bailee’s Liability Insurance is necessary for your business to take care of the customer’s property against loss or damage that is held in the business’s care, custody, or control, and items.

When I have questions about the requirements, what should I do?

For detailed information and clarification, you can reach out to KBZMS Call Center (+959) 9500 77000  ​ if you have any questions.

What are the payment options?

After receiving the Debit Note, you can pay the premium at the KBZMS offices or directly to KBZMS bank accounts via KBZ bank QuickPay services or other KBZMS designated bank accounts through mobile banking or internet banking, or nearest bank branches of Major banks. Please refer to the Debit Note for the detailed bank account information.

What should I do when the accident happened?

Notify the KBZMS Call Center at (+959) 9500 77000 immediately and let us know the following:

  • Brief Details of the Accident
  • Location of Accident
  • Contact information

The respective claim team will contact you and request any other necessary documents.

Personal Lines
Insurance

Commercial Lines 

Insurance

Successful!
Thank you for filling out the information.
Our staff will contact you back as soon as possible.
Successful!
Thank you for filling out the information.
Our staff will contact you back as soon as possible.

Schedule a Free Asessment

Schedule a Free Asessment