Protecting Yourself Against Employee Dishonesty
Are you aware of the benefits of employee dishonesty insurance? Many self-storage facility owners aren’t, even though this coverage can be as important as fire insurance when it comes to protecting your business. Unlike damage caused by fires, losses due to employee ...More
March 1, 2007 Randy Tipton
Posted in Articles
Working With Insurance Agents
Webster’s defines “trust” as, “a firm belief in the honesty and reliability of another; a confident expectation.” One would think it would be easy to find an insurance agent that mirrors this definition, but many of us seem to have an inherent distrust for insurance ...More
March 1, 2007 Kirk W. Nash
Posted in Articles
RECORDS MANAGEMENT
Every business is concerned about liability in our litigious society. If you provide records-storage services, you can help protect yourself from lawsuits by following a clear set of rules. Since I’m not a lawyer nor do I play one on TV, I’ll approach this subject with some ...More
March 1, 2007 Cary F. McGovern
Posted in Articles
Taking the Sting out of Lawsuits
Self-storage operators know too well that lawsuits are a harsh reality in today’s society and, whether you’re wrong or right, anyone with a $200 filing fee can sue you. Most Better Business Bureaus have instituted mandatory binding arbitration for members. This means you ...More
March 1, 2007 Jeffrey Greenberger
Posted in Articles
Truck-Rental Leases
If I wanted to offer truck rentals at my facility, wouldn’t I simply become a dealer for U-Haul, Budget or Penske? Or better yet, why not just buy a truck, get insurance and rent it out myself? These are all good questions if you’re considering entering the truck-rental ...More
March 1, 2007 Kirk W. Nash
Posted in Articles
Insurance Basics
People look forward to buying insurance about as much as visiting the dentist. With both, however, prevention is the key to minimizing unexpected costs and rude awakenings later on. Insurance is usually bought because banks require it. Even those who could pay cash to ...More
March 1, 2007 Chuck Slagle
Posted in Articles
New eBay Ancillary Sparks Insurance Questions
A new business model has appeared on the self-storage horizon: selling property for customers on eBay. Recently, I was asked to advise a self-storage owner and his agent about how our self-storage insurance policy would respond to the service. EBay, of course, is the ...More
March 1, 2007 Scott Lancaster
Posted in Articles
ISS PUZZLER
CONTEST: Submit your correct answers by March 31, 2007, and you’ll be entered to win a deluxe “I Love the ISS Vegas Expo” poker set. Simply copy and fax the solved puzzle to 602.567.6857; or mail to Debbie Pirkey, Virgo Publishing, P.O. Box 40079, Phoenix, AZ, 85067-0079; ...More
March 1, 2007 Myles Mellor
Posted in Articles
