Insurance & Risk Management
Tenant protection plans and facility liability insurance shield self storage owners from lawsuits while adding high-margin recurring revenue to every rental.
This page may contain affiliate links. We may earn a commission at no extra cost to you. Learn more
Showing 134 vendors
Arthur J. Gallagher & Co. Insurance Services
Arthur J. Gallagher & Co. is one of the world's largest insurance brokers, providing commercial property, liability, and workers compensation coverage to self-storage operators nationally.
Storage Protectors
Storage Protectors is a self-storage insurance specialist with 40+ years of experience, offering customized property and casualty programs for facility owners.
Storable Insurance
Storable Insurance is natively embedded in the Storable software platform, offering both tenant protection and facility P&C insurance with automated enrollment for Storable customers.
Bader Co.
Bader Company offers tenant protection programs for self-storage operators with ~25–30% revenue share and no startup cost.
Deans & Homer
Deans & Homer is a specialty insurance program manager providing property and liability coverage specifically designed for self-storage facility owners.
StorageFirst Insurance
StorageFirst Insurance provides a property and liability package designed exclusively for self-storage and mobile-storage businesses, underwritten by NOVA Casualty.
StorageDefender LLC
StorageDefender LLC provides a tenant protection insurance program with an online enrollment portal, offering self-storage operators a ~20–25% revenue share.
SBOA Tenant Insurance
SBOA Tenant Insurance is the tenant protection program of the Storage Business Owners Alliance, offering ~25% revenue share to self-storage operators.
Independent Insurance Brokers Arizona
Our experienced insurance agents are pleased to answer any questions regarding our insurance types, carriers, and more. Contact us to Request A Quote.
Samuel Insurance Agency
Samuel Insurance Agency is an independent insurance agency located in Phoenix, Arizona. Request a quote from our friendly staff today!
Southland Insurance Services
Let Us Protect What's Yours. Call Our Agency Insurance Quotes Let Us Protect What's Yours. Many locations to serve you Mainly in the Valley Area Begin a quote: Vehicle Insurance As an independent i...
Lumenasa Insurance Agency LLC
Lumenasa Insurance Agency LLC provides services for self-storage facilities.
Ray Johnson - Insurance Agency
Get personalized insurance quotes & expert guidance. Contact us for assistance with your coverage needs!
Sarbu & Stan Insurance Services
Sarbu & Stan Insurance specializes in bring you the best auto, home, business, adult home care and rental insurance in Phoenix, Scottsdale, Tempe, Glendale and Mesa AZ.
Hassett Insurance
Meet the Hassett Insurance Team. They will get you exceptional pricing, _x000D_ service, and expertise on Auto, Motorcycle, Homeowners, Condo, Renters, _x000D_ Umbrella, Life, and Commercial Insura...
PJO Insurance Brokerage
Scottsdale Commercial General Liability Insurance for any corporation that needs a policy. Insulate yourself from risk with a policy today!
Connect Insurance Group LLC
Need assistance with your insurance? Contact Connect Insurance Group in Phoenix for personalized service. Call or text us at 602-649-2955 to get started today.
Talanton Insurance
We are adding new states all of the time to offer the best insurance solutions for contractors, businesses, trucking, towing, garages, and heavy diesel...
ARK Insurance Solutions Inc of Phoenix, AZ
ARK Insurance Solutions of Phoenix provides choice and competency to match client-specific insurance solutions at a competitive price.
Hart Insurance Agency
An independent insurance agency building long-term relationships and providing comprehensive coverage for business, benefits, and personal needs.
AZ Medicare Insurance Agents/Brokers - Kelley Services, Inc.
Your Local Arizona Medicare Brokers. We are Licensed Independent Medicare Insurance Brokers specializing in providing you with a clear understanding of how Medicare works specifically for you. We ...
Walnut Risk Management
Employee-owned and operated, Walnut Risk Management provides quality commercial and personal insurance solutions nationwide.
BASIS Insurance Group
BASIS Insurance Group offers a wide range of personal and business insurance solutions, including specialized coverage for the self-storage industry.
Professional Insurance Brokers, Inc.
Get professional liability insurance in Phoenix, AZ through Professional Insurance Brokers, Inc. Contact us at 623-465-5300 or fill out the form for information.
South Lake Agency - Insurance Brokers Phoenix
Please feel free to contact us, a licensed broker will respond typically within 1 business day.
Von Smith Insurance
An independent insurance agency offering a wide range of personal and business insurance coverages.
Jennings Insurance Agency
Jennings Insurance Agency provides auto, home, life, and business insurance solutions.
Cordell & Company Insurance Agency
Cordell & Company Insurance Agency offers insurance, financial, and risk management services since 1964.
Sauls Insurance Agency
An independent insurance agency offering personal and business coverage in South Carolina.
Benson Insurance Inc.
An independent insurance agency offering a wide range of personal and business insurance solutions.
Norwood Insurance Inc
Norwood Insurance Inc is an independent insurance agency offering personal and business coverage in the Hartsville, South Carolina area.
Young Insurance Agency, LLC
An independent insurance agency offering personal and business coverage in Washington and Montana.
American Ins & Inv Corp
American Ins & Inv Corp provides personal, business, and self-storage insurance solutions.
DALACS Insurance Team
DALACS Insurance Team offers personal, business, and self-storage insurance in Sutherlin, Creswell, and Cottage Grove.
JPG Insurance
An independent insurance agency offering diverse business and personal insurance solutions in Las Vegas, Nevada.
Manna Insurance Group
Manna Insurance Group provides comprehensive insurance coverage for personal, business, and specialty needs, including self-storage.
Stastny Insurance Agency
Stastny Insurance Agency provides personal and commercial insurance, including self-storage coverage.
Summit Insurance Group
Summit Insurance Group is an independent agency offering personal and business insurance solutions in Washington and beyond.
The Fairway Insurance Group
An independent insurance agency providing comprehensive personal and business insurance solutions in Fort Lauderdale, Florida.
Smart Insurance
Smart Insurance provides a wide range of personal and business insurance solutions, including specialized coverage for self-storage facilities.
Insurance Brokers of Arizona
Insurance Brokers of Arizona represents the top auto, home and business insurance companies in Gilbert, Chandler & Mesa ! Call 480-812-1998
Coriano Insurance Agency
Coriano Insurance Agency is an independent insurance brokerage focused on finding the best coverage for the right price in Phoenix, Scottsdale, Chandler, Surprise, Peoria, Glendale and all over the...
William Knight Insurance Agency
Providing exceptional insurance services for personal and commercial needs since 1977.
Crown Insurance
Looking for a highly rated insurance agency in Phoenix, AZ? We've got you covered! Start your quotes online in seconds or call us today!
Navigate Risk Advisors
An independent insurance agency offering comprehensive personal and business coverage across all 50 states.
CoverLink Insurance
CoverLink Insurance provides tailored insurance protection for personal, business, and medical professional needs, including self-storage facilities.
Empire Insurance Brokers
Empire Insurance Brokers offers secure solutions for personal and business risks in AZ, CA, FL, ID, MT, NV, SC, TX, OR, and WA. Get a quote today!
AZ Health Insurance Brokers
Learn about business health insurance in Arizona options. Discover benefits of group health insurance for employee retention, types of networks and more.
Independence Insurance Group PLLC
Independence Insurance Group PLLC provides services for self-storage facilities.
Contractors Insurance Agency Inc
At Contractors Insurance Agency we provide our customers with quality insurance products and services at an affordable price.
Always Insured LLC
Always Insured LLC provides services for self-storage facilities.
Action Commercial Insurance
Action Commercial Insurance offers personal and business insurance, including specialized self-storage coverage.
Pro Financial Insurance
Looking for a highly rated insurance agency in Phoenix AZ? We've got you covered! Start your quotes online in seconds or call us today at (480) 706-1805.
The Insurance Hero
An independent insurance agency offering personal and business coverage in Austin, Texas.
All Sufficient Insurance
Independent insurance agency offering personal and business insurance coverages in Myrtle Beach, South Carolina.
Choice Plus Insurance
Choice Plus Insurance is an independent agency offering a wide range of personal and business insurance coverages.
Pacific Insurance Company LLC
Protect your home with our comprehensive home insurance policies. Get a quote today and ensure your peace of mind.
Ballenger Insurance
An independent insurance agency offering auto, home, business, and life insurance, including specialized self-storage coverage.
M.C.INSURANCE SERVICES LLC
M.C.INSURANCE SERVICES LLC provides services for self-storage facilities.
Gustafson Insurance
Providing comprehensive auto, home, and business insurance solutions.
Arizona insurance Depot
auto & home insurance also business insurance
Hill & Usher
Leading insurance and surety agency with a complete line of commercial- and personal-insurance and surety products. Licensed in most states.
Insurance of State 48 LLC
Looking for home or commercial insurance? Visit our website for a free quote!
Lancaster & Associates Insurance, INC.
A veteran-owned and operated agency in Orlando, Florida, providing insurance and risk management solutions.
Arrowhead Insurance LLC
Looking for a highly rated insurance agency in Peoria AZ? We've got you covered! Start your quotes online in seconds or call us today!
SafeLease
SafeLease is a modern tenant protection platform offering up to 60% revenue share — the highest in the industry — with automated enrollment and deep software integrations.
MBA Insurance
Get a Quote Today for Motorhome, Trailer, Overland and Powersport Rental Insurance from the #1 provider in the rental insurance industry.
Chewelah Insurance Agency
Providing comprehensive insurance solutions for individuals, businesses, and farms in Chewelah and Spokane, Washington.
Albatross Insurance Agency
Albatross Insurance Agency provides services for self-storage facilities.
Brayer Insurance Services
Brayer Insurance Services is an independent agency offering online quick quotes for personal and business insurance throughout Washington state.
Mr. Insurance, Inc.
Looking for insurance in Phoenix Arizona? Mr. Insurance in Phoenix Arizona can get you covered fast. Get your free insurance quote from Mr. Insurance.
MiniCo Insurance Agency
MiniCo Insurance Agency has served the self-storage industry since 1974, offering both tenant protection programs and comprehensive facility property/liability insurance.
Ponderosa Insurance Agency LLC (Safestor)
Ponderosa Insurance Agency has operated the SafeStor tenant protection program since 1973 — one of the industry's longest-running programs — offering ~30% revenue share to operators.
Frankenmuth Mutual Insurance
Frankenmuth Mutual Insurance is a highly-rated regional insurer with a strong reputation among self-storage operators in the Midwest for reliable property coverage and claims service.
UBI Business Brokers of Arizona
Get in touch with UBI Business Brokers if you want to purchase or franchise a small business anywhere in Arizona. We have been offering business buying and selling services to Arizona since 1975. I...
Logan Insurance Agency, Inc
A locally owned independent agency providing personal and business insurance solutions in Ohio.
Rodriguez Insurance
Rodriguez Insurance provides services for self-storage facilities.
Vern Fonk
Providing low-cost auto, home, and business insurance in Washington, Oregon, and Idaho for over 60 years.
Burns & Wilcox
Burns & Wilcox is a leading wholesale insurance broker offering specialty property and liability programs for self-storage facilities through independent retail agents.
Courtesy Insurance
Courtesy Insurance provides services for self-storage facilities.
Xercor Insurance Services LLC
Xercor Insurance Services offers storage-specific tenant protection programs and facility insurance, with flexible structures tailored to the self-storage industry.
Brown & Brown Insurance of Arizona
Brown & Brown Insurance of Arizona provides services for self-storage facilities.
Ayala Insurance Service, LLC.
Ayala Insurance Service LLC provides auto, home, and business insurance in Phoenix, Mesa and surrounding areas
Chalk & Gibbs Insurance
Chalk & Gibbs Insurance guides clients in North Carolina to protect what matters most through a variety of insurance solutions.
Universal Insurance Programs
Universal Insurance Programs has provided tenant protection programs to the self-storage industry since 1996, offering operators ~25% revenue share nationwide.
Cowan Insurance Group
Cowan Insurance Group is a leading Canadian insurance broker providing specialty property and liability programs for self-storage facility owners across Canada.
Self Storage Facility Insurance Program
Self-Storage Protect by Ryan Specialty is a dedicated insurance program for self-storage facilities providing property, liability, and specialty coverage options.
Safehold Special Risk
Safehold Special Risk provides specialty property and liability insurance programs designed for self-storage facility owners and operators.
Blackburn Jones Co
A family-owned and operated insurance agency providing comprehensive home, auto, and business insurance solutions in Northern Utah.
Rate Crushers Insurance Brokers Arizona
Get fast, affordable insurance quotes in Phoenix and Oakland. Compare auto, home, renters, and SR-22 coverage with local agents.
IMT Insurance
IMT Insurance is a regional mutual insurer serving Midwest self-storage operators with competitive property and liability coverage since 1884.
Champion Risk
America's trusted transportation and logistics insurance partner.
PSCC Inc.
PSCC Inc. operates the Savvy Storage Insurance Program, a tenant protection program offering self-storage operators a ~25% revenue share with simple enrollment.
Insurance Office of America
Insurance Office of America is a large independent insurance agency providing commercial property and liability programs for self-storage facility owners nationwide.
Sage Insurance Servicing
Sage Insurance Servicing provides specialty property and liability insurance programs for self-storage facility owners.
ABP Insurance
ABP Insurance is a multilingual and independent agency offering a wide range of personal and business insurance solutions.
Bradley Insurance Services, Inc.
An independent insurance agency offering personal and business insurance solutions in Virginia.
Knott Insurance Group
Knott Insurance Group is an independent insurance agency offering a wide range of personal and business insurance solutions throughout Texas.
City Securities Insurance LLC
City Securities Insurance LLC provides both tenant protection and facility insurance programs for the self-storage industry.
Capstone Associated Services Ltd.
Capstone Associated Services provides specialty insurance and captive risk management programs for self-storage facility owners.
Assurance One of Texas LLC
Assurance One of Texas is an independent insurance agency specializing in commercial coverage for self-storage facilities in Texas.
Strategic Risk Alternatives
Strategic Risk Alternatives provides specialty risk management and insurance solutions for self-storage facilities with complex or non-standard coverage needs.
First Texas Insurance Services LLC
First Texas Insurance Services is a Texas-based independent agency providing property and liability coverage for self-storage facility owners in Texas.
Covenant Insurance Group
A local agency providing comprehensive insurance solutions for individuals and businesses.
KG Family Insurance
An independent insurance agency offering personal and business insurance solutions in Jacksonville, Florida.
Storsmart Insurance Co.
Storsmart Insurance Co. is a tenant protection program built by insurance and self-storage professionals, offering revenue share to facility operators.
On The Move Insurance Agency
On The Move Insurance Agency is a self-storage specialist offering tenant protection programs with operator revenue share.
Kelley Group Co, The
The Kelley Group Co. is a commercial insurance specialty broker providing property and liability programs for self-storage facilities.
Mark Stalker Insurance Agency Inc.
Mark Stalker Insurance Agency is a Springfield, MO commercial insurance agency with 40+ years of experience providing property and liability coverage for self-storage facilities.
Mickey Clayton Insurance
Mickey Clayton Insurance provides services for self-storage facilities.
Storage Insurance USA
Storage Insurance USA provides insurance products for both self-storage facility owners and tenant protection programs nationwide.
Storage Network Advantage
Storage Network Advantage provides tenant protection programs for self-storage operators with revenue sharing.
Storage Business Owners Alliance
The Storage Business Owners Alliance (SBOA) is a trade association for self-storage operators offering member benefits including insurance programs.
Storage Property Protection
Storage Property Protection offers both tenant protection programs and facility insurance for self-storage operators.
Ford Insurance Agency
Ford Insurance Agency is an independent insurance agency providing commercial property and liability coverage for self-storage facility owners.
HBT Insurance
HBT Insurance is an independent insurance agency providing commercial property and liability programs for self-storage facility owners.
William Knight Insurance Agency Inc.
William Knight Insurance Agency is an independent insurance agency providing commercial property and liability coverage for self-storage facility owners.
Tenant Property Protection
Tenant Property Protection offers a self-storage tenant insurance program with operator revenue share and online enrollment.
Comprehensive Storage Association Inc.
Comprehensive Storage Association Inc. provides a tenant protection program for self-storage operators.
Provident Financial Group
Provident Financial Group provides commercial insurance including property and liability coverage for self-storage facility owners.
Jeff Ware Insurance Agency
Independent insurance agency offering personal and business coverage across SC, NC, and GA.
Scott & Bond Inc
An independent insurance agency offering personal and business coverage in Bedford, Virginia.
Farmers Insurance
Farmers Insurance is a large national carrier offering commercial property and liability coverage that can cover self-storage facilities, primarily suited for smaller or simpler operations.
The Griffith Agency
Providing comprehensive insurance solutions for individuals and businesses in Boca Raton and Delray Beach, Florida.
Columbia Basin Insurance
Columbia Basin Insurance provides personal and business insurance solutions across Washington and Oregon.
AAA Arizona Inc.
Offers insurance programs to the self-storage industry.
Joyce, Jackman & Bell Insurors
Joyce, Jackman & Bell Insurors is an established independent insurance agency providing commercial property and liability coverage for self-storage facilities.
Sanor Insurance Agency Inc.
Provides commercial insurance including general liability, commercial property and more.
Setnor Byer Insurance & Risk
Setnor Byer Insurance & Risk is an independent insurance agency specializing in commercial property and liability coverage for self-storage facility owners.
Storage Insurance Solutions
Offers insurance products to the self-storage industry.
World Insurance Associates LLC - Self Storage Division
World Insurance Associates has a dedicated self-storage division providing facility property, liability, and specialty coverage to operators nationwide.
Insurance is two completely different decisions, not one
Insurance is where new storage owners most often pay too much for too little, or save a few dollars and find out the hard way something important wasn't covered. The reason it's confusing is that there are actually two separate insurance decisions, and they get sold by different vendors, evaluated against different criteria, and renewed on different cycles.
The two decisions:
- Tenant protection: what gets offered to your renters to cover the goods inside their unit. This is a revenue line for you, not an expense.
- Commercial coverage: what protects your facility and your business (the buildings, the liability if someone gets hurt, the employees). This is an expense.
Mixing them up is how facilities end up underinsured. The vendors that handle one usually don't handle the other.
Tenant protection: a revenue line for you, not just a checkbox
Most facilities offer some form of tenant protection. It comes in two structures, and the difference matters.
- Tenant insurance is a real insurance product, regulated by the state. A licensed agent (often a member of your staff, after taking a short licensing course called a "limited lines" license) sells the tenant a policy from a real insurance carrier. Common vendors in this space include Bader, MiniCo, SBOA, Ponderosa, and Storsmart.
- Tenant protection plans (sometimes called "self-insurance" or "facility protection plans") aren't technically insurance. They're an add-on to your lease where you promise to reimburse the tenant up to a set amount if something happens, in exchange for a monthly fee. The rules vary by state.
Why this matters: the revenue split, who carries the risk, and the legal exposure are all different. A tenant insurance program usually pays you a commission for each active policy. A tenant protection plan usually keeps more of the money at your facility but means you carry more of the risk if a claim happens. Both can be profitable. Which one fits your facility depends on what state you're in and how much risk you want to carry.
Questions worth asking about any tenant program
- How does enrollment work? "Default-on" means the tenant is automatically signed up at lease signing unless they opt out and prove they have their own coverage. This is much more profitable than "opt-in," where the tenant has to actively sign up. Default-on is also more regulated, and what's allowed depends on the state.
- What coverage amounts are offered? A program with multiple tiers ($2,000, $5,000, $10,000, $25,000) usually makes more money than a single-tier program, because tenants pick the level that fits what they're storing.
- What's the claims process like? When a tenant has a loss, how long does payment take? Who do they call? A bad claims experience turns into a bad online review and a tenant who moves out.
- How much do you actually make per occupied unit per month? Ask the vendor for a real number from similar facilities. The headline commission rate isn't what matters. The actual revenue per unit is.
- What licensing do my staff need? If it's a true insurance product, your staff usually needs a limited lines license in your state (a short class with a state exam, typically $100 to $300 and a few hours of study). Ask the vendor whether they help you get this set up.
Commercial coverage for your facility itself
This is the part owners sometimes shop on price alone and regret later. Storage is a niche enough business that a generic commercial property policy from a national carrier often misses things that actually matter to you. Specialized programs from carriers and brokers familiar with self-storage (MiniCo, Universal Insurance Programs, Marshall & Sterling, others) are usually priced fairly and actually cover the right things.
Coverages worth getting right:
- Property. Buildings, fences, gates, signs, paving, and anything else you own. There's a setting called "replacement cost vs. actual cash value" that makes a real difference at claim time. Replacement cost is what you want.
- Business interruption. If a fire or storm puts your facility offline for six months, this is what covers the lost rent. Often underbought.
- General liability. If a tenant slips and falls, or backs into your building, this is what covers it.
- Customer goods legal liability (CGLL). A limited coverage for damage to tenant goods when your facility is legally at fault. Not a replacement for tenant insurance, but an important safety net.
- Lien sale liability. When you auction off the contents of an abandoned unit, if the former tenant later sues claiming you didn't follow the legal lien process correctly, this is what covers your defense. Specific to storage, often missing from generic policies.
- Cyber and data breach. Your management software holds tenant data and payment information. If that leaks, cyber liability covers notification costs and any settlements.
- Workers' comp. Required by your state if you have employees. Usually shopped separately.
How to actually shop commercial coverage
Commercial insurance is sold through a broker (an agent who represents multiple insurance companies), not directly by the insurance companies. The broker's job is to take your facility details, get quotes from several insurance companies, and explain the differences. A good broker who knows self-storage will know which insurance companies are currently writing storage policies in your state and where the storage-specific add-ons exist.
What moves your price: how the buildings are built (steel vs. wood frame), whether the facility has sprinklers, location risk (flood, wildfire, wind/hail zones), past claims, your security setup (gate, cameras, lighting), and the total value of what's insured. Renewal quotes can swing 15 to 30 percent in either direction year to year as the broader insurance market changes.
Get quotes from at least two brokers, not just two insurance companies. The same facility quoted by two different brokers often comes back with meaningfully different numbers because each broker presents your facility a little differently.
What to avoid
- One generic broker handling both sides. The vendors that specialize in tenant programs and the brokers that specialize in commercial coverage are usually different. A single relationship that "handles everything" often does both jobs at 80 percent.
- Auto-renewing every year without re-shopping. Letting commercial coverage roll over on autopilot is how premiums quietly drift 25 percent above market over five years. Get a fresh quote at least every other renewal.
- Tenant programs that won't share claims data. If a vendor can't tell you what their average claim payout looks like or what their denial rate is, that's a sign to keep shopping.
- Coverage limits set once and never updated. Building values and rental income both change. Limits that fit when you bought the facility may not fit two or three years later.
Frequently asked questions about insurance & risk management
What insurance does a self-storage facility actually need?
At minimum: commercial property (covers your buildings, fences, paving), general liability (covers slip-and-falls and similar), and business interruption (covers lost rent if you're shut down). Add lien sale liability (covers auction lawsuits) and customer goods legal liability if your carrier offers them. Workers' comp if you have employees.
What is tenant protection and should I offer it?
Tenant protection is a small monthly fee you charge each tenant that covers the contents of their unit if something happens (fire, theft, water damage). It's offered either as real tenant insurance from a regulated carrier, or as a protection plan added to the lease. Almost every facility above 100 units offers one or the other; it's often $4,000 to $15,000 a year in extra profit at a single facility.
How much does commercial storage insurance cost?
For a typical single facility, plan $6,000 to $25,000 a year for commercial property, general liability, and business interruption together, depending on facility size, location risk (flood, wildfire, wind), and your claims history. Get quotes from at least two brokers; the same facility often comes back with very different numbers depending on how each broker presents it.
Does a tenant's homeowner's policy cover items stored off-site?
Sometimes, but usually not enough. Most homeowner's policies cover off-site contents at only 10 percent of the policy's contents limit, which is rarely enough for a full storage unit. Tenants who think they're covered often discover at claim time that they're not. This is why most facilities offer some form of tenant protection.
How do I add tenant protection to my facility?
Contact 2 or 3 tenant program vendors (Bader, MiniCo, SBOA, Ponderosa, Storsmart are common). They handle the program setup, the lease language, and the licensing your staff needs. Each will quote you a revenue share and walk you through enrollment defaults. Expect 4 to 6 weeks to roll out, including the licensing class for your staff.
What's different about storage liability vs. standard commercial liability?
Storage liability typically includes endorsements (extra coverages added to a base policy) for lien sale defense, customer goods legal liability, and abandoned property handling. A generic commercial liability policy from a national carrier often skips these because they're specific to self-storage. Working with a broker who knows storage makes sure these get included.
Does my facility need flood or earthquake coverage separately?
Yes. Standard commercial property insurance specifically excludes both flood and earthquake. You buy these as separate policies or add-ons. Flood coverage is required if your facility sits in a FEMA flood zone and you have a mortgage. Earthquake is your call based on local seismic risk.
How much liability coverage should I carry on my facility?
Most insurance companies expect at least $1 million per incident and $2 million total per year for general liability on a single facility, plus an extra $1 million to $5 million in umbrella coverage on top. Umbrella coverage is surprisingly cheap (often a few hundred dollars a year per million) and protects you against the kind of lawsuit that could otherwise wipe you out.