Which policy provides coverage for people responsible for temporary custody of clients' goods?

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The policy that provides coverage for individuals responsible for the temporary custody of clients' goods is known as bailee liability insurance. This type of coverage is designed to protect the bailee, which refers to a person or organization that has temporary possession of someone else’s property for a specific purpose, such as storage, repair, or transportation.

In the context of bailee liability, the policy offers protection against loss or damage to the goods while they are in the bailee's custody. It fills in the gaps that other general liability insurance policies might not cover, as it specifically addresses the duties and responsibilities of the bailee toward the property they are holding. This is essential for businesses that handle clients’ goods, such as dry cleaners, repair shops, storage facilities, or shipping companies, ensuring that they are financially protected against potential claims for damages.

Other options do not specifically cater to the responsibilities tied to the temporary custody of clients' goods, making bailee liability the most appropriate choice.

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