Self Storage Facility Insurance in New Hampshire

Also providing self storage facility insurance to residents in Massachusetts, Maine, Rhode Island, & Vermont.

Insurance24

What is Self Storage Facility Insurance?

Operating self storage facilities can be quite profitable, but these facilities also present risks that should be taken into account. Owners ought to consider what could happen if someone were injured at their storage unit, or if someone’s belongings were stolen from a unit. Self storage facility insurance may help New Hampshire storage facility owners protect their businesses from risks such as these.

Self storage facility insurance provides specialized commercial insurance for storage facilities. Policies typically help facilities protect against both property and liability risks.

What businesses in New Hampshire need Self Storage Commercial Insurance?

Most New Hampshire self storage businesses should have self storage commercial insurance. Businesses that offer self storage alongside other services might need this insurance too.

What coverages do Self Storage Commercial Insurance policies come with?

Most self storage commercial insurance policies come with a variety of coverages, which include both liability and property protections. Liability protections mainly guard against situations where a business could be sued. Property protections mainly guard a business’ physical assets that could be damaged or stolen.

Some of the liability protections that are commonly offered include:

• Sales & Disposal Liability Coverage: May protect against financial liability after disposing of an abandoned unit’s contents.
• Customer Property Legal Liability Coverage: May protect against damage to customers’ stored property.
• General Liability Coverage: May protect against “slip and fall” accidents that occur on a facility’s property.
• Cyber Liability Coverage: May protect against data breaches that compromise customer information.
• Employment Practices Liability Coverage: May protect against allegations of employment discrimination.

Some of the commonly offered property protections are:

• Commercial Building Coverage: May protect a facility’s owned buildings against damage/loss.
• Commercial Contents Coverage: May protect a facility’s equipment and supplies against damage/loss.
• Equipment Breakdown Coverage: May protect against unexpected breakdowns of climate-control equipment.
• Business Income Coverage: May protect against prolonged periods of lost revenue that disasters cause.
• Crime Coverage: May protect against employee theft and/or theft by other persons.
• An insurance agent who specializes in self storage commercial insurance can review all of the coverages that these policies can come with.

Do Self Storage Facilities need workers compensation coverage?

New Hampshire generally requires businesses to carry workers compensation coverage, which normally covers workplace injuries. Most self storage facilities need this coverage since they have employees.

Whether workers compensation is included within a self storage facility policy depends on the particular policy. Sometimes workers comp is purchased as part of one of these policies, and other times the coverage is purchased separately. Workers comp is easy to procure in either case.

How much are premiums for Self Storage Facility policies?

Premiums for self storage facility policies vary because they’re based on many different factors. A facility’s location, size, annual sales, and past claims are just a few of the many factors that can impact the price.

The easiest way to find out how much insuring a particular storage facility will cost is by working with an independent insurance agent. Independent insurance agents can quickly obtain customized quotes from several insurance companies, and then review each one.

How can facilities get Self Storage Facility Insurance?

For help insuring a storage facility that’s located in New Hampshire, contact the independent insurance agents at Insurance24. Our agents will work closely with you to determine your facility’s coverage needs, and then we’ll help you find the best available self storage facility insurance policy that meets those needs. With our assistance, you can have confidence that your facility is well protected against a multitude of risks.