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Jun 02, 2010

Lexington Insurance Company Introduces Self Storage Facilities Insurance Program

New York – June  2, 2010– Lexington Insurance Company, a Chartis company, today announced the introduction of a specialty program for operators of self storage facilities that provides tailored property and liability coverage for owners of self storage facilities.  Lexington has joined forces with All Risks, Ltd.’s National Specialty Programs unit to serve this growing niche. 

The program is designed to meet the coverage needs of facilities that primarily rent storage space to individuals and businesses.  The coverage has been designed to address specific needs of this industry, and includes Lexington’s innovative property, general liability, equipment breakdown, and crime coverage.  The program also provides coverage for sales and disposal liability as well as customer goods legal liability.  The program is written as a package policy; however, coverage is also available on a stand-alone basis if so desired.

“With over 52,000 self storage facilities in existence, representing over 2.35 billion square feet of storage, the self storage industry in the U.S. has routinely been identified as a top-tier growth industry,” said Vince Pugliese, Senior Vice President and Program Division Executive of Lexington Insurance Company.  “We are excited to bring a quality insurance program to this sector and to work with All Risks, Ltd. as our program administrator.”

“We are excited to work with Lexington on this new program to serve the needs of the self storage industry.  We have staff with extensive self storage expertise to create custom-made policies that meet the unique coverage needs of this industry,” said Chris Kelleher, Vice President of All Risks’ program division. 

For more information regarding the Self Storage Facilities Program:
Lexington Insurance Company
Mark Mahanna, Assistant Vice President
617-330-8470
.(JavaScript must be enabled to view this email address) 
www.lexingtoninsurance.com

All Risks, Ltd.
Merle Harris, Self Storage Program Manager
800-418-9763, ext. 3625
.(JavaScript must be enabled to view this email address)
www.allrisks.com

About Chartis

Chartis is a world leading property-casualty and general insurance organization serving more than 40 million clients in over 160 countries and jurisdictions. With a 90-year history, one of the industry’s most extensive ranges of products and services, deep claims expertise and excellent financial strength, Chartis enables its commercial and personal insurance clients alike to manage virtually any risk with confidence.

Chartis is the marketing name for the worldwide property-casualty and general insurance operations of Chartis Inc. For additional information, please visit our website at http://www.Chartisinsurance.com.  All products are written by insurance company subsidiaries or affiliates of Chartis Inc. Coverage may not be available in all jurisdictions and is subject to actual policy language. Non-insurance products and services may be provided by independent third parties. Certain coverage may be provided by a surplus lines insurer. Surplus lines insurers do not generally participate in state guaranty funds and insureds are therefore not protected by such funds.

About All Risks, Ltd.

All Risks, Ltd. based in Hunt Valley, Maryland, is a leading independent wholesale brokerage firm providing comprehensive insurance solutions with a full service platform of brokerage, contract binding, national programs, and personal lines products for retail agents and brokers.

The 46 year-old firm employs over 450 staff members in offices located in Maryland, Arizona, California, DC, Florida, Georgia, North Carolina, Pennsylvania, Virginia and Washington.  All Risks maintains a staff with a superior underwriting and brokerage knowledge level. Their employees are friendly and accessible. They go the extra distance to keep abreast of trends and changes in products and the marketplace.