By David Wilhite
A recent survey conducted by a major insurance company revealed that many, if not most, business owners purchase liability limits that will not fully indemnify them against the awards typically being handed down by today's juries.
Business-liability insurance provides essential protection for every self-storage facility owner. Business liability protects you against bodily-injury lawsuits--for example, a lawsuit claiming that someone slipped and fell due to wet or icy conditions on your premises. It also protects against property-damage lawsuits, such as one claiming that a security gate crashed down on a car while on your premises. Business liability also provides important protection against lawsuits involving libel, slander, physical eviction or the false arrest of a third party; and advertising injury lawsuits involving plagiarism, copyright infringement and false advertising. (Note that while libel, plagiarism, etc., may not seem like bodily or property damages, that's how the courts have interpreted them.)
In addition to loss-of-income and extra-expense coverages, Universal Insurance Facilities Ltd. offers a complete package of coverages specifically designed to meet the needs of the self-storage industry. For more information, or to get a quick, no-obligation quote, write P.O. Box 40079, Phoenix, AZ 85067-0079; phone (800) 844-2101; fax (480) 970-6240; e-mail email@example.com; www.vpico.com/universal.