At Midland, we understand that running a self storage business comes with its unique set of challenges and risks. That's why we offer tailored insurance solutions designed to protect your investments, assets, and peace of mind.
Whether it's a converted warehouse or purpose-built facility, if you own or operate a self-storage business, it’s important to have a comprehensive and individually tailored insurance policy that covers your total operation.
Please note: we do not currently provide insurance for customer goods stored within the facility.
Self storage facilities in Australia face a variety of risks that make insurance coverage essential. Here are some reasons why self storage businesses should prioritise insurance:
Self storage businesses store valuable possessions on behalf of customers. Insurance can protect your property, including buildings, storage units, and security systems, against unforeseen events like fire, theft, or vandalism.
Accidents can happen anywhere, and self storage businesses are no exception. Liability insurance can cover costs related to injuries or property damage that occur on your premises.
If a disaster or unforeseen event forces your business to close temporarily, business interruption insurance can provide financial support to cover ongoing expenses and lost revenue during the downtime.
Self storage business owners may face legal challenges related to disputes, contracts, or other issues. Insurance can help cover legal fees and settlements.
In cases where tenants fail to pay rent or breach their agreements, insurance can help recoup lost rental income.
Our insurance policies for self storage businesses in Australia are tailored to meet your specific needs. Here's what's typically included in our comprehensive coverage:
Protects your buildings, storage units, and equipment against damage or loss due to covered perils.
Covers bodily injury or property damage claims that occur on your premises.
Provides compensation for lost income and ongoing expenses if your business has to temporarily close due to a covered event.
Assists with legal fees and settlements in case of disputes or legal issues.
Safeguards your rental income in the event of tenant defaults.
As self storage businesses increasingly rely on digital systems, this coverage protects against data breaches and cyber threats.
Tailor your policy with additional coverage options to suit your unique needs, such as flood insurance or earthquake coverage.
At Midland, we understand the importance of comprehensive insurance for self storage businesses in Australia. With our tailored coverage options, you can protect your business from unforeseen events, liability issues, and financial losses. Don't leave the security of your self storage business to chance – contact us today for a personalised insurance solution that suits your needs.
You can either fill in the short 'Request A Quote' form on this page and one of our brokers will be in touch, or just give us a call on 1300 306 571.
Midland Insurance Brokers are proud members and supporters of the Self Storage Association of Australasia (SSAA).