The Storage Business Owners Alliance LLC (SBOA), a buying group for the U.S. self-storage industry, has formed a partnership with All Risks Ltd., an independent, wholesale insurance broker and program administrator for the self-storage industry, to form the SBOA Property Insurance Program.
SBOA members now have the opportunity to reduce their property- and casualty-insurance costs through the group-buying power of the new SBOA Property Insurance Program. Discounts are available for self-storage owners who are SBOA members, for those who sell SBOA tenant insurance and for those who participate in a risk-mitigation webinar.
“We are very pleased to add this innovative program to the growing product line of insurance offerings from the SBOA,” said Ian Burnstein, co-founder and president. “SBOA members now have the opportunity to save on their facility insurance premiums as well as have access to the improved coverage available through this new program.”
“All Risks provides a single-source solution for the commercial insurance needs of storage operators throughout the country,” added Merle Harris, the program manager for the All Risks Self Storage Program. “Ian and his team wanted SBOA members to be able to continue to utilize their current insurance professionals. We believe this to be a key component toward writing mutually beneficial and profitable business. All Risks is thrilled to be a part of this new endeavor and looks forward to working with the retail insurance agents of SBOA members.”
The SBOA is a cooperative organization that enables smaller self-storage businesses to enjoy the benefits of bulk buying power. The group has grown to include nearly 3,000 member facilities. Members pay an annual membership fee to save on items such as packing and moving supplies, marketing services, payroll services, UPS shipping and more.
Based in Hunt Valley, Md., All Risks is an independent wholesale brokerage firm offering insurance solutions with a full-service platform of brokerage, contract binding, national programs and personal lines products for retail agents and brokers nationwide.