Why do I need storage facility insurance?
Self-storage business insurance offers protection for business owners in the event of unexpected (or just unwelcome) events. Sometimes you think covered situations will never happen to you or that your business will never face dire circumstances.
Consider if severe storms caused power outages and a fallen tree to damage some of your structures. In this situation, you would be responsible for not only structure repairs, but also any legal claims from your customers about damaged possessions from the tree or power outage.
Maybe even more likely of an event is where a customer sues you over possessions that you rightfully sold after their failure to pay. Even if the court does not find you liable to reimburse the customer, you may still be responsible for legal fees. This could occur more than once in a year, and your legal fees could add up quickly.
Self-storage business insurance protects your business from loss and legal liability. The right insurance protects your business income and assets.