Risk Management

From criminal activity to onsite injuries to natural disasters, self-storage operators must predict and and mitigate all manner of business threats. Important aspects to managing risk include understanding legal issues, practicing theft prevention, investing in insurance coverage, and keeping pace with laws that affect the industry.

Highlights

Self-Storage Tenant Insurance and Protection Plans: Helping Customers Protect Their Goods

Nov 15, 2018

Are you ready to offer your self-storage tenants coverage for their stored possessions? If so, what kind of plan should you offer? Will...

From Chaos to Control: Why Self-Storage Operators Should Switch to Online Auctions

Nov 10, 2018

Whether it’s hot and muggy, windy, raining, snowing, or sleeting, the last place anyone wants to be for a...

How to Keep Tenant Death, Divorce and Disappearance From Turning Into a Self-Storage Soap Opera

Nov 07, 2018

It may sometimes feel as though managing a self-storage facility is like watching a daytime soap opera. Every...

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Woman Locks 14-Year-Old Son in Roseville, MN, Self-Storage Unit

Nov 06, 2018

A woman has been charged with child neglect and false imprisonment after allegedly locking her 14-year-old son inside a self-storage unit in Roseville, Minn., for several hours last month. An employee of Acorn Mini Storage at 2480 Cleveland Ave. N...

Pennsylvania Governor Signs Self-Storage Tenant-Insurance Bill

Nov 01, 2018

Pennsylvania established a provision for self-storage limited-lines insurance on Oct. 24 when Gov. Tom Wolf signed House Bill 504 (HB 504) into law. Under the measure, self-storage owners as well as their employees and other company...

ISS News Desk: With Halloween Near, Self-Storage Managers Face Real-Life Scary Moments

Oct 25, 2018

Though self-storage isn’t a “typical” retail business, staff can still be targets of criminal activity. With Halloween around the corner, some self-storage managers have faced scary situations while on duty at their facilities...

Police Search Self-Storage Unit in Connection to Missing Oklahoma City Woman

Oct 10, 2018

Investigators searching for Susan Freehauf, an Oklahoma City resident who disappeared on Sept. 24, discovered several personal items belonging to her when they searched a unit at American Self Storage on Meridian Avenue. Court documents indicate...

Police Investigate After Woman’s Body Found in Rochester, NH, Self-Storage Unit

Oct 09, 2018

Police are investigating the death of a woman whose body was found on Saturday inside a unit at Rochester Self Storage in...

Containing the Chaos: Advice for Facing a Self-Storage Facility Fire

Oct 06, 2018

While attending a self-storage tradeshow in 2015, I was sitting at a table with 10 other facility operators, discussing...

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