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

Tenant Fire Victims Threaten Lawsuit Against Shurgard Self Storage in Croydon, England

Jan 15, 2019

Tenants of a Croydon, England, Shurgard Self Storage facility that was destroyed by fire on Dec. 31 are planning to sue the company...

Self-Storage Operators Offer Rent Postponement for Government Workers

Jan 15, 2019

Update 1/15/19 – Washington-based ABC Mini Storage has joined other local businesses in waiving payments due for...

Self-Storage Burglar Caught in the Act in Johnson Park, CA

Jan 15, 2019

A man was arrested on burglary charges early Saturday morning after police discovered him inside a unit at a...

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3 Firefighters Suffer Injuries During Waldorf, MD, Self-Storage Fire

Jan 15, 2019

Three volunteer firefighters suffered minor injuries Saturday morning while battling a fire at a self-storage facility in Waldorf, Md. The blaze at Economy Storage of Waldorf, 3325 Leonardtown Road, began just after 6 a.m. About 40 units were...

Mom Charged After Body of 7-Year-Old Boy Found in Denver Self-Storage Unit

Jan 10, 2019

Update 1/10/19 – Pankey was formally charged on Monday with child abuse in connection with the death of her son, Caden McWilliams. She was also charged with abuse of a corpse, according to the source...

Officer Crashes Into U-Haul Self-Storage Building in Miami

Jan 09, 2019

A police officer responding to a call on Monday evening crashed into a U-Haul self-storage facility in Miami. Surveillance video from the adjacent Shell gas station shows four police cars with flashing lights heading east on N.W. 54th St. at 9:30...

MiniCo Insurance Agency Offers Workers' Compensation Insurance Program for Self-Storage

Jan 09, 2019

MiniCo Insurance Agency LLC, a provider of insurance products for the self-storage industry, has is now offering a workers’ compensation program. Underwritten by Liberty Mutual Insurance, it provides coverage to self-storage facilities for lost...

Body Found at Keyport Self-Storage in Tulsa, OK

Jan 03, 2019

The body of an unidentified man was found last week inside an unlocked unit at Keyport Self-Storage in Tulsa, Okla. An employee...

Vancouver, WA, Puts 6-Month Moratorium on Self-Storage Development

Jan 03, 2019

The Vancouver, Wash., City Council voted unanimously last month to implement a six-month moratorium on self-storage development...

Valley Storage Supports Maryland Law Enforcement K-9 Training

Jan 03, 2019

Valley Storage Co., which operates 28 self-storage facilities in six eastern states, is opening its facilities to Maryland law...

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