Self-Storage Business Insurance
Get coverage tailored to your business needs today.
Business Insurance Customized for Your Industry
Sales and disposal liability:
Protection from lawsuits resulting from evictions and sales of stored property
Customer goods liability:
Coverage for loss and damage to customers’ personal property
Commercial umbrella insurance:
Excess liability coverage to increase your protection
Your business may be responsible for storing some very high-value items or collectibles. If those items are damaged or sold without notice, your legal settlements could be hundreds of thousands of dollars. Without insurance, one lawsuit could put you out of business.
Essential Insurance for Business Owners
Let’s say you hired a manager for your storage facility because you’ve opened more than one location in your area. She has limited oversight because you are handling the bigger picture for your business. After several months you realize she has been leasing units under the table and pocketing the money.
Employee theft occurs in every industry, and there are insurance coverages to recoup your losses. Our self-storage business insurance program includes options for several standard commercial policies.
- Commercial property insurance: protect your building and structures from damage and vandalism
- General liability insurance: liability protection in the event of customer injuries on your property
- Business owners policy (BOP): a cost-efficient bundle of property and liability coverage
- Crime insurance: recovers from losses related to crimes like employee theft and fraud
Equipment breakdown: protect against losses related to equipment breakdowns like power surges or mechanical failure
If you are unsure of which insurance coverages your business requires, our insurance experts can get you started with a self-storage business insurance plan.
Unique Insurance Policies for Storage Facilities
Because of the nature of your business, you are more exposed to some unique liability risks. Self-storage business insurance coverage combines several policies that are required in the storage industry.
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Sales and disposal liability: protection from lawsuits resulting from evictions and sales of stored property
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Customer goods liability: coverage for loss and damage to customers’ personal property
-
Commercial umbrella insurance: Excess liability coverage to increase your protection
Your business may be responsible for storing some very high-value items or collectibles. If those items are damaged or sold without notice, your legal settlements could be hundreds of thousands of dollars. Without insurance, one lawsuit could put you out of business.