Tenant Property Protection (TPP), a Peoria, Ariz.-based company that partners with self-storage operators nationwide to provide protection of tenant goods, has expanded its board of directors with the appointments of Troy Bix, a 30-plus year veteran of the storage industry and founder of the Inside Self-Storage (ISS) brand, and Richard Marshall, a captive-insurance expert, according to company press releases.
Bix recently joined Janus International Group LLC, a manufacturer of self-storage roll-up doors and building components, as president of its R3 (renovate, remodel or retrofit) Division, where he’s responsible for positioning the company for growth in that market. He started his self-storage industry career in 1986 and launched ISS magazine and expo in 1991 and 1992, respectively. As the publisher and vice president of ISS, he oversaw all ISS media assets as well as the annual conference and tradeshow.
“With his vast experience in the self-storage industry, Troy’s expertise and guidance will help TPP strengthen its market position,” said Harry Sleighel, principal owner and board chair of TPP. “This is a real coup for us.”
“Harry and I go way back,” Bix said. “When he started TPP nine years ago, I knew he had a sound business concept. I predict in 15 years TPP will surpass the tenant-insurance industry and have a commanding market share. Protection plans are the wave of the future.”
Marshall has 30 years of experience in the captive-insurance industry. He currently works as a consultant to businesses and professionals, helping them form captive-insurance companies and risk-retention groups. Captive insurance is an alternative to self-insurance in which a parent group or groups create a licensed insurance company to provide coverage for itself, the release stated.
Marshall previously helped launch R&Q Captive Management LLC, a provider of captive- and insurance-management services, and served as chairman until 2014. He was also the first captive-insurance administrator for the Arizona Department of Insurance, responsible for creating the state’s Captive Insurance Division, according to the release.
“Dick’s expertise in captive insurance, risk management and regulatory processes will be invaluable to have on our board,” Sleighel said.
“Harry has a rock-solid, proven business that offers self-storage owners and operators a much-needed service,” Marshall said. “I’m happy to provide whatever support I can to make TPP successful and help it grow into the market leader as protection plans continue to replace tenant insurance.”
TPP’s property-protection plans are designed to allow self-storage operators to provide tenant goods with coverage against losses from crime, pests and natural disasters, while enabling additional facility revenue.