Risk Management: Why It’s Necessary for My Self Storage Facility
Few people can predict the full risks of owning and running a self-storage business. Every week, they could have new customers that cause new conflicts. Once a year, they could have inclement weather that damages the property. It’s crucial that owners attempt to obtain professional insurance 
for self-storage facility.
The Need for Insurance
Self storage facilities include risks that are mostly obvious. There are the constant risks of customers having their belongings stolen from the property. Since self-storage units have little outdoor protection, there are the negative effects of bad weather. In some regions, flooding or tornadoes occur at least once a year.
Some clients leave behind messes after they clear out their storage units. Others bring in vehicles or equipment that create various damages to the property. Overall, risk management insurance is needed to protect against these kinds of unexpected events.
Why Use StorInsure?
StorInsure provides a wide range of products and services for commercial business owners. At the most basic level, there is general liability coverage in case of any injury or accident on the property. Property insurance is needed in case a fire, storm damage, or other type of damage affects the building.
Employment practices liability coverage is for facility owners that have several employees. It protects an employer who treats an employee unfairly and defends the company’s reputation if an employee misbehaves. Sales and disposal liability is designed to protect delinquent tenants and the facility owners who are responsible for evicting them.
Risk management insurance is required and recommended for owners of self-storage businesses. Some coverage is necessary, such as general liability, while other types are optional and recommended for owners of large companies. Without insurance protection, a small company will not recover financially after a major fire. A large company may be sued by an employee or one of their many customers. It’s the owner’s responsibility to choose the right types of insurance for self-storage facility.
