Insurance for Self-Storage Facilities

Self-storage business owners have unique insurance needs. Naturally, you need to protect your buildings from loss with Commercial Property Insurance but you also need to protect your business in case someone is injured on the premises with General Liability Insurance. While most self-storage facility owners understand the importance of having the right property and general liability policy, not all policies are the same. 

Storage facility owners face a number of unique risks and are potentially liable for damages to tenants' property, negligent disposal or removal of property, unsafe premises and more. Spire Insurance Solutions has partnered with the top insurers of self-storage facilities to make it easy to guard your business from the unexpected. 

Our insurance solution includes coverage for:

• Building, Contents, Signs, Fences, etc
• Loss of  revenue if you're temporarily shut down due to a covered claim
• Medical costs if a customer slips and falls at your location
• Defense costs in the even you're sued for property damage or bodily injury

You can customize your plan to include industry-specific coverage for:

• Property of Others including tenant insurance
• Business Auto (including delivery or snow plowing vehicles
• Cyber and Data Liability
• Workers Compensation
• Environmental Pollution Liability
• Flood
• Builders Risk for new building/unit construction
• Umbrella and more...

Self-Storage Facility Specific Coverage

Property and Liability

• Adds accrued rental charges as a component of business income coverage
• Amends coverage of employee theft to include personal property of your customers
• Debris removal
• Liability coverage: Includes a $50,000 (per occurrence) customers’ goods legal liability limit and a $25,000 (per policy period) sale and disposal liability limit**
• Outdoor signs attached to building
• Premises damage resulting from a burglary or robbery
• Property coverage: Expands the building definition to include fences
• The pollution exclusion is also amended to exclude pollutants brought onto the location by customers

Cyber and Data Liability

Most businesses are collecting personal information including name, address, payment information and more. Imagine one of the scenarios below and the cost 

• A burglar stole a laptop from a facility manager’s office with data on clients, including Social Security numbers. Clients had to place a fraud alert with credit bureaus and monitor their credit reports.
• A virus infected the computer system of a self-storage facility and stopped it from functioning properly, resulting in loss of income.
• A PC was hacked by a disgruntled former employee of a sales office, causing software programs to crash and data to disappear. The company had to hire an outside IT firm to recover data and a public relations firm to explain the incident to customers.