Why do Self Storage business owners need insurance?
As a self storage business, you help your customers store unused items from their home in a secure and convenient location. But looking after your customers’ most prized possessions comes with a great deal of responsibility.
Some of the most prominent risks to your self storage business include buildings, fixtures and fittings damage, office contents and stock damage, theft of your customers’ possessions, business interruption, and overall legal liability for goods in your care, custody and control.
Why choose Aon for Self Storage insurance?
When it comes to insurance for Self Storage businesses, there are a few options available to you, and deciding which ones you need might not be easy. Aon is committed to making life easier for you by arranging insurance that’s easy to understand, buy and manage. Our team of friendly, experienced brokers are a phone call away to help you understand what insurances you may or may not need, but more importantly, why; helping give you confidence that you’re making a better decision for you and your business.
The ‘Material Damage’ section of the Industrial Special Risks cover will provide protection for reinstatement and replacement in respect of buildings, fixtures and fittings, office contents and stock.1
A key part of this policy is Business Interruption, which can provide protection for lost revenue in the event your business is unable to operate as usual due to an insured peril.
Business Insurance is made up of a number of cover sections, and you can choose the sections that relate to your business. Cover is also available for damage to money (if you keep cash on premises), portable contents such as mobile phones and laptops, and Public Liability.
Many of our self storage clients provide insurance options for their customers for their goods in storage, however, you need to ensure you are not breaching any Australian Financial Services Licence (AFSL) requirements by doing so. Aon can arrange a fully compliant solution which protects you.1
This part of the policy can help finance your legal defence and pay damages, should they be awarded by the court or by a small claims tribunal.
Self Storage Business Owners insurance benefits through Aon
Public Liability Insurance
Aon arranges cover to be included for what is called “property in your care, custody and control,” providing a limited cover for damage to property belonging to your clients.1
The suite of insurance policies arranged by Aon (other than Cyber insurance) are fully insured by Australian insurance companies, meaning claims are handled and disputed locally.
Customers Goods Insurance
Aon enables self storage businesses to sell customers goods insurance under the Aon AFSL so the self storage business is not required to have their own license for selling a financial services product.
Dedicated Service Team
Aon are a trusted advisor to over 200 self storage clients and have a dedicated storage service team who know your industry and its risks inside out. We are constantly thinking outside of the box in terms of our solutions to our clients, so you can compete, win and be protected in an ever-changing world.
Should your business circumstances change, for example you have moved into new premises or you have changed the services that you offer and you are not sure if your existing insurance covers it anymore then you can always call one of our experienced friendly brokers to discuss on 1300 523 328.
Your renewal offer will be sent to you via your elected email address approximately 30 days before your renewal date. It is important at this stage to review the details of our offer carefully (remember pricing and coverage levels may have changed so it is important to review). If you are happy with the offer and wish to accept, it is important that you pay for your renewal by the date specified on the tax invoice. Thank you for looking into renewing your policy through Aon. It is greatly valued that you are pleased with the level of service and coverage you receive.
What should I do if I have not received my certificate of currency or renewal offer/documents?
Please accept our apologies. At Aon we strive to deliver best in class service, so we are sorry to hear you have not received your documents. Please contact us on 1300 523 328 or firstname.lastname@example.org and we will look to send your documents as soon as possible.
What are your opening hours?
Our opening hours are 8.30am to 5.00pm Monday to Friday (AET, except public holidays). If you need to contact us out of hours you can email us at email@example.com and we will pick up your query on the next business day.
Can I pay for my policy monthly?
Yes you can, monthly payments can be arranged through a premium funding agreement with Hunter Premium Funding3 to help you spread the costs of your insurance across the year. Please note that the total overall cost is higher if you pay monthly. Contact us on 1300 523 328 or by email on firstname.lastname@example.org.
2We will process your certificate of currency request instantly but, depending on your internet speed and email server, it could take a few minutes to get to your inbox.
3Hunter Premium Funding is a third party independent of Aon, however Aon will receive a commission if you pay for your policy through a premium funding agreement with them.
In arranging the Broadform Liability Insurance Policy Aon has a binder agreement under which we are authorised to commit Insurance Australia Limited ABN 11 000 016 722 AFSL 227681 trading as CGU Insurance (CGU) to providing cover without reference to them. In arranging the Aon Self Storage ISR Policy, Aon has a binder agreement under which we are authorised to commit QBE Insurance (Australia) Limited ABN 78 003 191 035 to providing cover without reference to them.
If you purchase either of these insurances, Aon will receive a commission that is a percentage of the premium. Further information can be found in our FSG or provided upon request. When acting under a binder we will be acting under an authority given to Aon by the insurer and will be affecting the insurance contract as agent of the insurer and not as your agent. Our binder arrangements with the insurer are such that we remain your agent in the handling of any claim.