COVERAGES AVAILABLE
Property Coverage
Includes coverage for all locations on a Blanket Basis
Commercial General Liability Coverage
Limit Options Include:
- $1,000,000 Occurrence / $2,000,000 Aggregate
- $2,000,000 Occurrence / $4,000,000 Aggregate
Sales and Disposal Liability
Limit Options Include:
- $10,000 – $1,000,000
Customers Goods Legal Liability
Limit Options Include:
- $25,000 – $1,000,000
Limited Pollutant Removal
Limit Options Up To:
- $200,000 Occurrence/$400,000 Aggregate
Hired and Non-Owned Auto
Limit Options Include:
- $1,000,000
Employees Personal Liability Coverage
Limit Options Include:
- $300,000 – $1,000,000
Employee Benefits Liability
Limit Options Include:
- $300,000 – $2,000,000
Employment Practices Liability
Limits Include:
- $25,000
- Extended Reporting Period Coverage for
- Employment Practices Liability is Available
ADDITIONAL ENHANCEMENTS AVAILABLE
Employee’s Property:
Limits Up to: $100,000
Fine Arts Coverage:
Limits Up to: $250,000
Valuable Papers and Records:
Limits Up to: $250,000
Accounts Receivable:
Limits Up to: $250,000
Computer Coverage:
Limits Up to: $250,000
Pollutant Clean-Up and Removal:
Limits up to: $100,000
Systems Protection:
Limits Up to: $15,000,000
Extended Business Income Coverage:
Policy will include (15) months of Business Income – Actual Loss Sustained.
Extended Business Income is available:
Length of Time Extension: 3 months (for total of 18 months), 9 months (for total of 24 months)
COVERAGE EXPLANATIONS
Property Coverage
A blanked limit provides better flexibility to facilities owners over specific limits applied separately to their properties and locations.
Commercial General Liability Coverage
With tenants regularly on your premises, accidents can happen. Commercial general liability limit protects your business from liabilities that result from bodily injury or property damage caused by services, operations, or your employees.
Sales and Disposal Liability
Each state has its own laws and specific procedures on how to deal with delinquent tenants and remove or discard their goods. If any of these steps are not followed to the letter of the law, this leaves the facility owner open to a liability lawsuit.
This is one of the most common claims against self-storage facilities. StorInsure provides protection against these claims along with defense against any allegations, including those that end up being baseless.
Customer Goods Legal Liability
A self-storage facility isn’t a warehouse. The owner of the facility never takes care, control, or custody of a tenant’s goods. Agreements are written specifically to address this, but there are still situations where the facility could be held legally liable for loss or damage of a tenant’s goods.
Some examples might include water damage due to a leaky roof or a burglary. In either case, a tenant may bring a claim against the facility. StorInsure not only covers legitimate claims but also covers defense against any allegations, including any that end up being baseless.
Limited Pollutant Removal
Self-storage facilities rent out units to their tenants, but they have little oversight of how they are used. Sometimes facility owners find that their tenants have left pollutants in their facilities that by law have to be disposed of in specific ways. StorInsure covers facility owners for these types of liabilities where required by appropriate statutory authority.
Employment Practices Liability
All employers can be at risk for their employment practices. The most common causes of lawsuits in this category include wrongful termination, discrimination, and sexual harassment.
Those in need of a new self storage insurance policy or to simply discuss your insurance for self storage needs, contact StorInsure today!
