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STORAGE PLUS PROGRAM
Comprehensive Protection for Records Management Companies
In conjunction with Capacity Coverage Company, Lloyds of London recently launched an exclusive program called Storage Plus to provide increased business interruption coverage for the records storage industry.
This new coverage is written on an “agreed-amount” insurance form -- the insurer pays an agreed amount depending on the number of record storage boxes destroyed. When a disaster occurs that destroys storage materials, in addition to having to handle insurance claims, you also lose the future revenue storing those materials would have generated. Storage Plus is designed to replace your potential lost revenue - not only your lost income.
Typical Business Interruption coverage is limited to a specific time frame. Storage Plus compensates you for the revenue you would have had if the destroyed boxes had continued to generate storage income. Storage Plus can also be used if customers want higher per box coverage.
Storage Plus is affordable – think of it as life insurance to replace projected future income.
Unlike most Business Interruption Insurance policies where red tape means it can take weeks to settle, the Storage Plus claims process is quick and easy. The claim only involves documenting the number of boxes destroyed.
Storage Plus is available exclusively from Capacity Coverage.
Contact us about Storage Plus.
Download our Storage Plus brochure.