The Risks of Shipping and Delivery

Final Quiz

Here’s one last quiz question for you:

How do you protect your business and tenants when operating a self-storage facility?

A. I am a landlord and my lease spells out my responsibilities. My tenants understand this, too.
B. I take CCC of their property only when we both sign a document that outlines each of our responsibilities.
C. I make sure my commercial insurance is up to date and has enough coverage to protect my employees, my business and me.
D. I offer a property-insurance program to my tenants so their property is protected.
E. All of the above.

Hopefully, you selected E. Your lease is the first line of defense against unwanted liability charges, followed by other legal documents such as your insurance policy. Finally, a tenant-insurance program gives renters a way to repair or replace damaged property without holding you liable.

Don’t be caught without protection. Consult with an attorney who is familiar with the laws in your state and with the self-storage industry. Have your insurance agent check to ensure you have coverage under your commercial policy. Adding additional coverage, such as a Customers’ Goods Legal Liability endorsement may give you just the protection you need. Don’t let special deliveries catch you off guard and put your business in jeopardy. 

Paul Cardamon is the national sales manager for Bader Co., a national insurance firm offering affordable and convenient point-of-lease tenant insurance and commercial insurance for the self-storage industry. For more information, call 888.223.3726; e-mail pcardamon@baderco.net; visit www.baderco.net.