Businesses that rent self storage units need business insurance for buildings, liability, business personal property, business records, and business interruption - just like any other business does. But operators of self storage facilities have a couple of insurance needs unique to this type of business.
Self storage business owners act as landlords - leasing out for consumers to store personal or business possessions. And typically, storage unit operators are not responsible for the stored property. Unless property is lost or damaged through what is judged to be the negligence of the storage unit business. Examples where negligence might be asserted include:
Customers' Goods Legal Liability protects storage unit owners from situations where negligence might be asserted.
Some storage unit renters will fall behind in their rent and abandon their stored property. These situations force storage unit business operators to dispose of property left behind, by sale, removal, or destruction. When these situations inevitably arise, self storage business owners become exposed to lawsuits claiming wrongful disposal of property (conversion). Sale and Disposal Legal Liability provides protection against claims of conversion.
Contact us or call for a free consultation and proposal today!