Custody Coverage
Shield your business against potential financial losses due to damage to items under your care, custody or control, commonly referred to as “items in custody.” With custody coverage, you minimize financial risks and can focus entirely on your work, worry-free.
Avoid unpleasant surprises and ensure the right protection tailored to your business needs. Add custody coverage to your business liability insurance today and continue working with peace of mind.
What is Custody?
Custody refers to damage to someone else’s property that you have under your care, use, or safekeeping, and of which you are not the owner. You have control over the items and handle them as if they were your own.
Essentially, you have these items “under your supervision.” Think of renting or borrowing tools or installing a solar panel system on someone else’s roof. If you damage these items, you can be held liable. With custody coverage, you are insured against this type of damage.
Is Custody Coverage standard?
Custody coverage, also known as Care Custody Control Coverage, is typically not included in standard insurance policies like business liability insurance.
Business Liability insurance covers damage to others’ property, but not property under your supervision. Since supervised property is treated as your own, it’s usually excluded.
However, you can easily add this coverage to protect against such risks.
Examples of Custody Claims
Damage to Rented Tools and Equipment
Suppose you rent a cherry picker to install solar panels on a roof. During the process, the cherry picker gets damaged. With custody coverage, you are insured against the cost of this damage.
Damage to Borrowed Materials
You borrowed a specialized solar piling machine from a partner. During the installation, the machine falls and is severely damaged. Thanks to custody coverage, the costs for repairing or replacing this machine are covered.
Damage During Processing
While installing the solar panels, you accidentally damage the client’s roof while making adjustments for the installation. If you have chosen custody coverage, the damage to the roof will be compensated.
Example – Damage to Customer's Solar Panels
Your customer has provided their own solar panels. While connecting the solar power system, one of the panels falls and breaks. If you caused the damage while working on the customer’s solar panels, custody coverage can cover the cost of the broken panel.
With this custody coverage within your Business Liability Insurance, you can prevent your business from being financially burdened by unforeseen damage during the installation of solar power systems.
Add Custody Coverage!
Do you want to protect your business against unforeseen costs from damage to items under your supervision? Then add custody coverage to your Business Liability Insurance. This way, you’ll never face unpleasant surprises. Ensure peace of mind and work without worries.