Pollution Coverage for Self Storage Facilities

By Amanda Duncan, President, PartnerOne Environmental

There are over 50 million self storage facilities currently operating across the United States today. The self storage industry continues to grow as demand for space remains high; it is an industry that doesn’t seem phased by our volatile economy. Owners of these businesses are finding a great deal of success and they should carefully protect their investment. From an insurance perspective, the highest priority for this class is usually securing General Liability and Property policies. However, self storage facilities also have a significant pollution exposure, which is generally excluded from their other policies.

Mold can become an issue at self storage facilities. Water intrusion from HVAC systems, sprinkler systems, leaking piping, or weather events could cause mold to grow rapidly and easily spread to several units. Damaging storms and flooding can cause excessive surface water and silt runoff, impacting neighboring properties or waterways such as ponds, streams, or rivers, as the runoff may contain hazardous materials that have pooled onsite. Should a waterway become impacted, not only is the quality of water at risk, but the plant and animal life as well (natural resources). Read the complete article.

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