When it comes to warehouse legal liability, many warehouse operators may not be aware that certain aspects regarding liability cannot be waived. Additionally, some liability aspects are dictated by state and federal regulations. In order to mitigate some of the risk, it is important to consider some reasons why a complete insurance policy might help put a warehouse operator’s mind at ease.
Protection When Bailment Attaches
Bailment attaches when physical personal property is transferred from one person to another. For warehouse legal liability, this means that when a warehouse operator is in possession of other people’s property, they are legally responsible for that property while it is in their care and possession. Even if a fire or flood damaged the property, the warehouse operator could still be held liable for the damage.
Protection Even When Providing Reasonable Care
Providing reasonable care to the goods in one’s possession is often a matter of professional pride. But even the most careful and caution warehouse operators can experience events that result in losses where there is liability. While there are conditions where warehouse legal liability can cause headaches, a comprehensive insurance policy often relieves a lot of the stress and worry when events happen where cargo is damaged, lost or stolen.