Chartwell Introduces Commercial Storage Insurance Program

January 8, 2009

Los Angeles-based Chartwell Independent Insurance Brokers LLC has launched a commercial storage insurance (CSI) program. This program offers specialty insurance coverage for warehouse and storage facilities, including self storage, mobile storage, boat and recreational vehicle (RV) storage, cold storage and cargo. Working exclusively through independent agents and brokers, Chartwell is distributing this program nationwide. The CSI Program offers industry expertise; coverage, and broad terms and conditions.

Chartwell is partnering with independent agents and brokers as the exclusive strategy to distribute this product.

The CSI Program is designed to meet the insurance needs of the majority of warehouse and storage facilities. One of the core products is a turnkey insurance solution for self-storage facilities. A rating matrix has been developed to focus on the self-storage risk characteristics.

Today many warehouse and storage facilities are under-valued and under-insured, particularly when it comes to catastrophe coverage, according to Chartwell. Facility owners may be unaware that they are at risk for catastrophe perils, while agents and brokers are often left with the task of engaging in a lengthy process to ensure adequate coverage for these types of exposures. The CSI program consolidates Chartwell’s in catastrophe coverage with its knowledge of warehouse and storage insurance needs.

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