A laundromat owner who dry-cleans clothing belonging to others would purchase which type of insurance policy?

A laundromat owner who dry-cleans clothing belonging to others would purchase a bailee policy because this type of insurance is specifically designed to protect businesses that hold property belonging to others. In this case, the laundromat acts as a bailee when it receives customers' clothing for cleaning. The bailee policy provides coverage for loss or damage to the customers' property while it is in the possession of the laundromat. This coverage is crucial, as the business could be held liable for any damage to or loss of the clothing that occurs while it is being cleaned.

In contrast, a general liability policy primarily covers claims of bodily injury or property damage occurring on the business premises, but it does not cover loss of clients’ property. A workers’ compensation policy is focused on providing benefits to employees injured on the job and is not applicable to the protection of customers' property. A property damage policy generally covers damage to the business's own property rather than that of others. Therefore, the bailee policy is the most suitable for a laundromat owner who is morally and legally responsible for the clothing they receive from customers.