Storage Facility Insurance

Whether you manage a single indoor mini-warehouse or a chain of climate-controlled self-storage facilities — or anything in between — Tomins is here to help you run your business better.

We take the headaches out of self-storage business insurance with our convenient 24-hour online portal. You get time back to focus on what’s truly important — running and growing your business, whether it’s a small mini-storage property or a larger climate-controlled facility. And unlike any other online storage facility insurance agency, Tomins is backed by the expertise and experience of Higginbotham.

Maybe more important to you, we understand the unique needs of the storage facility business and are ready to design a policy perfectly tailored for you. From basic business owners insurance to any of the more-specialized types of coverage your unique situation needs, Tomins has you covered.

You deserve an insurance partner that works as hard as you do. Tomins — the right insurance choice today.

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Other Storage Facility Coverages to Consider

Depending on the unique risk exposure of your self-storage facility, you may need additional coverages outside the ones explained above. Additional coverages you may want to consider for your storage facility include:

Employment Practices Liability (EPLI): EPLI protects a storage facility owner against legal costs and damages incurred from negligent hiring, termination, sexual harassment, and discrimination.
Workers’ Compensation Coverage: If your storage facility has employees, you most likely should carry workers’ compensation insurance. This coverage can help protect you from legal damages and other costs stemming from employee injuries on the job.
Cyber Liability Coverage: Cyber liability insurance is especially important if your self-storage business stores personally identifiable information (PII) or other sensitive data, such as credit card numbers. In the unfortunate case of a data breach, cyber liability coverage can help cover costs related to data loss and restoration, legal judgements/court costs, and extorted money.
Commercial Umbrella: Umbrella insurance coverage can help protect your storage facility beyond the general aggregated limits of your standard coverages. If you end up with an insurance claim that exceeds the maximum payable amount outlined in your other policies, commercial umbrella coverage is designed to cover the difference.

Why You Need a Tailored Storage Facility Policy

In addition, Tomins storage facility insurance offers fully customizable coverage for any individual situation. Our specialized storage facility insurance coverages can also include:

Limited Care, Custody, or Control Property Coverage
Important Record and Document Coverage
Employee Benefits Liability Coverage

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What Storage Facility Insurance Coverages Do I Need?

Storage facility coverage from Tomins lets you rest at night knowing that your business is covered. Our deep understanding of a storage facility’s insurance needs enables us to offer a perfectly-tailored policy for your unique situation. From business owners policy (BOP) insurance and general liability coverage to specialized storage facility protections, Tomins has you covered.

All storage facility owners should carry the same general liability and commercial property insurance recommended for any other business. Considering the potentially devastating financial impact of a total loss, storage facility owners should almost always also carry business income insurance -LINK TBD].

Storage Facility Commercial Property Insurance: This insurance helps protect a self-storage facility’s office, property, and assets from unforeseen loss and damage.
General Liability Insurance: General liability insurance is one of the most common coverages in the small-business world. GI coverage is important well beyond the world of storage facility insurance, and should generally be included in all business insurance policies. As a storage facility owner, your general liability coverage can protect you from related lawsuits filed in response to injuries, property damage, and more.
Business Income Insurance [LINK TBD]: This storage facility insurance can help an owner recover any loss of income resulting from another covered claim. For instance, if your self-storage facility suffered a fire, your Business Income Insurance coverage could help cover the income you lost from not being able to operate during the recovery process.

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Other Storage Facility Coverages to Consider

Employment Practices Liability (EPLI): EPLI protects a storage facility owner against legal costs and damages incurred from negligent hiring, termination, sexual harassment, and discrimination.
Workers’ Compensation Coverage: If your storage facility has employees, you most likely should carry workers’ compensation insurance. This coverage can help protect you from legal damages and other costs stemming from employee injuries on the job.
Cyber Liability Coverage: Cyber liability insurance is especially important if your self-storage business stores personally identifiable information (PII) or other sensitive data, such as credit card numbers. In the unfortunate case of a data breach, cyber liability coverage can help cover costs related to data loss and restoration, legal judgements/court costs, and extorted money.
Commercial Umbrella: Umbrella insurance coverage can help protect your storage facility beyond the general aggregated limits of your standard coverages. If you end up with an insurance claim that exceeds the maximum payable amount outlined in your other policies, commercial umbrella coverage is designed to cover the difference.

Why You Need a Tailored Storage Facility Policy

In addition, Tomins Storage Facility Insurance offers fully customizable coverage for any individual situation. Our specialized Storage Facility Insurance coverages can also include:

Limited Care, Custody, or Control Property Coverage
Important Record and Document Coverage
Employee Benefits Liability Coverage

Get a Quote Now Talk With Us Today

What Does Storage Facility Insurance Cost?

Regardless of where your business is located or its size, storage facility insurance is a cost you can’t afford to ignore. The peace of mind you get from knowing you’re insured against risks is priceless. You deserve an insurance partner that works as hard as you do.

Storage facility insurance costs can, of course, vary considerably, depending on your facility’s size, location, and countless other factors. With this in mind, the following table serves as a good guide for the coverage costs you should expect for the average self-storage business.

Insurance Type	Average Cost
Commercial General Liability	$500 to $700
Workers’ Compensation	$1 to $2 per $100 in payroll
Commercial Property Insurance	$750 to $1,000
Cyber Liability Insurance	$1,000 to $7,500
Business Interruption	Usually included in BOP
Employment Practices Liability Insurance (EPLI)	$1,200
Commercial Umbrella Insurance	$400

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What Do I Need to Get a Storage Facility Insurance Quote?

At Tomins, we are in the business of making storage facility insurance easy. To make sure we can provide the most accurate and competitive quote possible, it helps to make sure you have the following information available when you apply:

Business address and tax ID
Income for your most recently completed fiscal year
Number of employees you currently employ
Information about other insurance you currently hold
Volume, nature, and storage method tenant or client data
Proof of professional licensing and other relevant certifications or permits
History of past claims (at least three years)

Take the time to make sure all of this information is up to date and accurate. It’s the best way to ensure that we can provide you with the best quote possible.

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