Standing in a spare room or stockroom that’s quietly full, doing rough maths in your head about whether a weekly storage bill is sensible or an avoidable expense, is a familiar moment for a lot of small business owners. Most “is it worth it” content only prices the storage. This one prices both sides.
If your stock is at home and you’re not sure it’s insured, jump to the insurance gap below. If you already pay office or shop rent and want the real numbers, jump to the worked comparison. Not sure the spend is worth it year-round? Jump to when it might not be worth it yet.
Renting a Storage Unit, Not Buying a Storage Business
This article answers whether renting a unit makes financial sense for a small business, not whether owning or running a storage facility is a good investment.
What “worth it” means on this page
It means comparing the visible weekly storage price against the invisible cost of leaving stock where it is now, not handing down a single yes or no verdict. Nobody but you can run that sum, since it depends on what you’re storing, how much space it’s taking up, and whether it’s actually insured, but this page gives you the real inputs to work with.
The Two Columns Nobody Puts on the Same Page
The real comparison is the visible weekly storage price against the invisible cost of leaving things as they are, and almost no competing content runs both columns together.
The visible column
What you’d actually pay to store, in pounds per week. This is the number every storage provider, including us, will happily quote you.
The invisible column
What “free” is quietly costing you already, in ways that don’t show up as a weekly figure. A spare room that can’t be used for anything else, stock that isn’t actually insured, an hour a week spent digging through boxes looking for one client file, a garage full of “sort it later.” None of that has a price tag on it, but it’s real cost all the same. An hour a week hunting for stock is fifty-odd hours a year of paid time spent not running the business, which is a real number even though nobody invoices for it.
The Insurance Gap Most Small Businesses Don’t Know They’re Carrying
Standard UK home contents insurance typically excludes or sharply limits cover for business stock and equipment, so stock kept at home may be uninsured without the owner realising. This is general information, not advice.
What home policies usually do and don’t cover
Home-office kit like a laptop is often fine under an ordinary policy. Stock and specialist equipment is the actual gap, not everything business-related.
How our own cover works, and why it’s a choice not a given
Our RSA “Self Storage Customers’ Goods” policy is opt-in, or you can prove your own cover. It’s New-for-Old, with an excess per claim, check the current figure on the contents protection page, and you’ll need to declare the full value of what you’re storing, since underinsurance is settled proportionally. Theft claims need evidence of forced entry, and climatic damage is excluded. Cover is available and worth confirming, it isn’t automatic, and it’s a genuinely different position from stock sitting uninsured at home without anyone realising.
Check your own policy first
Before assuming either your home insurance or our RSA policy covers your situation, it’s worth checking your own policy wording, or asking your insurer or adviser.
Running the Numbers: Reading and Bath, Worked
Two real, dated inputs to work from, both for the smallest unit.
| Location | From-price | Illustrative annual floor | What’s included |
|---|---|---|---|
| Wigwam Self Storage Reading | £8/week | £416/year | Refundable deposit, 14-day notice, smart entry 6am-10pm, individually alarmed units |
| Wigwam Self Storage Bath | £10/week | £520/year | Refundable deposit, 14-day notice, smart entry 6am-10pm, individually alarmed units |
Current promo: 50% off the first 8 weeks. These are illustrative floor prices for the smallest unit, not a promise of what any given business will pay, since real unit size needs vary.
What the visible price actually includes
A deposit is taken, refundable, and there’s a 14-day notice period to end the agreement. Any unused paid days are refunded separately once notice is given. Access runs 6am to 10pm, and every unit is individually alarmed. None of that is a hidden extra, it’s what the weekly price is already paying for, which matters when you’re comparing it fairly against the invisible column above.
A quick worked contrast
Imagine roughly £3,000 of stock sitting uninsured in a garage at home, against paying somewhere between £8 and £16 a week at Reading. If a bad month, damp, a break-in, wipes out that stock value with no cover behind it, the free option was, in practice, far more expensive than a year of storage. This is illustrative, not a real customer case.
Get a real quote to fill in the one number that’s specific to you.
If You’re Weighing Storage Against a Bigger Office Instead
Some readers are really choosing between storage and more office or shop space. The short answer: storage is nearly always the cheaper visible-cost route.
When to read the full rent-line comparison
For the detailed pound-for-pound table against office rent, rates and utilities, our dedicated comparison covers that ground in full, no need to repeat it here.
When It Might Not Be Worth It Yet
Sometimes the honest answer is not yet, and that’s worth saying plainly before any sales pitch.
Signs the maths doesn’t clear yet
If your stock volume is genuinely low or only occasional, or you already have usable space at home or the office that isn’t costing you anything to keep clear, the sum may not clear right now. There’s no shame in that, and no point paying for something you don’t need yet. A single shelf of low-turnover stock in a spare cupboard that genuinely costs nothing to keep there is a different situation from a garage that’s stopped being usable for anything else, and the framework above is honest about that difference rather than pushing everyone toward the same answer.
What would change the answer
Growth, a lease ending, or an insurance scare are all good reasons to run the numbers again later. The framework above doesn’t expire, it’s there whenever your situation changes enough to make the sum worth redoing.
Where the 15 Wigwam Locations Fit
This framework applies wherever you’re based. If you’re checking whether there’s a site near you, our full location index covers all 15 market towns.
Running Your Own Sum
Price the visible cost, price the invisible cost, then compare both over the same period, a month, a quarter, a year.
The three-step framework, recapped
Visible cost, invisible cost, compare like with like. That’s the whole exercise.
If your own sum comes out in favour of storing, get a real quote for your unit size and location. For more on business storage generally, there’s further reading here.
Frequently Asked Questions
Usually not. Standard home policies typically exclude or limit cover for business stock and equipment, even if home-office kit like a laptop is fine. Check your own policy wording to be sure.
From £8 a week at Reading, or from £10 a week at Bath, for the smallest unit. Actual cost depends on the size you need.
You’ll give 14 days’ notice to end the agreement, and any unused paid days are refunded once that notice period completes.
Usually, yes, on a visible-cost basis. Our dedicated comparison covers the full rent-line detail.
It’s optional with us, you can opt into our cover or prove your own, but it’s worth confirming rather than assuming you’re covered by default.
