We are trying to differentiate between personal property of others vs business property. If an employee has their own tools and tool storage which is left on the commercial property 90% of the time, are the tools and equipment consider personal property of others? I found one article that referenced personal property of others as that which is customarily taken with the individuals as they come and go but not typically used in the course and scope of employment. Thank you.

Ohio Subscriber

The property form covers the insured's property as business personal property, but if the tools are owned by the employee they are personal property of others. The insured does not have a financial interest in the employee's tools even though they are used in the company's operations. For example, if there is a fire and the employee's tools are unusable then the insured has not lost any value because they didn't purchase the tools.