Warehouses--Mini-Warehouses

What Does GL Code 18991 Cover?

ISO GL class code 18991 specifically covers businesses operating mini-warehouses and self-storage facilities, classifying operations related to the rental of individual storage units to the public. This code applies to entities that provide space for others to store personal or business property, without taking possession or control of the stored goods themselves.

Who Uses This Class Code?

This code is primarily used by self-storage facility owners, mini-warehouse operators, and businesses that lease out individual storage units. Examples include large national self-storage chains, independently owned local storage facilities, and climate-controlled storage unit providers.

Common GL Claims for This Class

Common GL claims for self-storage facilities include slip-and-fall incidents by tenants or visitors on the property, property damage to the facility itself from various perils, and claims related to inadequate security leading to theft or damage of stored goods.

Coverage Tips for Code 18991

• Ensure your policy includes coverage for damage to customers' property while on your premises, even if you don't take possession of their goods.
• Verify that your general liability policy addresses potential liability arising from security failures, such as unauthorized access or theft from units.
• Review your lease agreements to clearly define liability limits and responsibilities between the facility and the tenant, as this impacts insurance claims.
• In Florida, consider specific flood insurance coverage given the state's susceptibility to hurricanes and heavy rainfall, which can severely impact ground-level storage units.