Bailee And Warehouse Legal Liability Insurance 101-Bailee And Warehouse Legal Liability Insurance 101

Video Transcription

Video Summary

The webinar presented by Karen Retsuzko, Assistant Vice President of Roanoke Claims Services, covered the basics of Bayley Insurance, focusing on first and third party coverage, contract terms, underwriting considerations, and claim examples. Karen emphasized the importance of understanding the differences between first and third party coverage, the significance of contract terms, and the potential liabilities faced by Bayleys. She shared insights from her experience handling various claims, including spoilage, warehouse fires, and chemical contamination incidents, highlighting the importance of proper documentation, experts, and thorough investigations in resolving claims. Karen also addressed audience questions on topics such as liability assumptions and salvaging damaged goods. Overall, the webinar provided valuable information and practical advice for those involved in the marine insurance and transportation industry.

Asset Caption

Date of Publication: June 22, 2017
Duration: 41 minutes

This session presents the unique elements of the bailment relationship including the responsibilities of the bailor and bailee, along with underwriting considerations.

Meta Tag

Module Transportation

Keywords

webinar

Karen Retsuzko

Bayley Insurance

coverage

contract terms

liabilities

documentation

marine insurance