New York A05278 mandates service companies to secure liability insurance covering the value of customer-deposited property and display a certificate.

New York A05278 amends the general business law to require service companies to obtain liability insurance coverage sufficient to cover the value of property consigned to or deposited with such business by customers. This includes businesses like dry cleaning establishments, repair shops, storage centers, and auto mechanic shops. The bill mandates these companies to display a current written certificate of insurance in an area accessible to customers.

New York A05278 mandates service companies to secure liability insurance covering the value of customer-deposited property and display a certificate.

New York A05278 amends the general business law to require service companies to obtain liability insurance coverage sufficient to cover the value of property consigned to or deposited with such business by customers. This includes businesses like dry cleaning establishments, repair shops, storage centers, and auto mechanic shops. The bill mandates these companies to display a current written certificate of insurance in an area accessible to customers.