Which endorsement would protect a bank from legal liability for damage to customers' belongings in safe deposit boxes?

To protect a bank from legal liability for damage to customers' belongings in safe deposit boxes, the appropriate endorsement is the Safe Deposit Box Liability endorsement. This specific type of coverage is designed to address the unique risks associated with the storage of personal belongings in a bank's safe deposit boxes. It offers financial protection against potential claims that could arise from damage, theft, or loss of items stored within these boxes.

This endorsement is tailored for banks and other financial institutions that offer safe deposit services to their customers, ensuring that they can cover any legal liabilities that occur due to incidents involving the safe deposit boxes. It is important for institutions to have this coverage because they have a duty of care to their clients, and without appropriate insurance, they could face significant financial repercussions from customer claims.

The other options do not adequately capture the intended protection for banks regarding safe deposit boxes. For instance, Depositor's Insurance typically covers a bank's general liability rather than specific liabilities associated with safe deposit boxes. Similarly, a Client’s Property Policy might be too broad or not specifically linked to the banking context of safe deposit boxes. Deposit Box Liability is not a recognized term or recognized insurance coverage, which makes it an unsuitable choice. Therefore, Safe Deposit Box Liability is the correct endorsement to provide