MiniCo Insurance Agency, a member of the Aran Insurance Services Group, has introduced a new tenant insurance solution for self-storage owners and operators beginning in April 2015.
MiniCo is partnering with Charter Atlantic Insurance Company to provide captive insurance services, enabling self-storage owners and operators to share in the profits of this tenant insurance solution.
According to the agency, the captive programme is to be underwritten by an unnamed, "A” rated insurance carrier.
MiniCo stated that the new tenant insurance solution has the potential to permit self-storage business owns and operators to generate revenue, build wealth, increase cash flow and net operating income, increase market valuation, and enhance their return on investment.
Business owners and operators will have direct ownership of their own independently operated captive series business units as well as ongoing business support from MiniCo. Support elements will include risk analysis, expert claims management, and staff training.
John LaCava, president and CEO of Aran Insurance Services Group, said: "MiniCo's partnership with Charter Atlantic Insurance Company brings individual captive insurance solutions to self-storage business owners—another example of our dedication to creating innovative programmes and services for the self-storage industry."
MiniCo president and CEO Mike Schofield added: "The combined expertise of MiniCo and Charter Atlantic, with underwriting by our "A" rated insurance partner, offers an outstanding opportunity to self-storage operators looking to expand their businesses and maximise their revenue."
