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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 Building Restrictions Considered in Menomonie, WI
Nov 07, 2019
Officials in Menomonie, Wis., are considering an ordinance amendment that would place limits on the location, size and number of units allowed at self-storage facilities. The measure would cap the number of units at indoor, climate-controlled...
New York Governor Signs Bill Updating Self-Storage Lien Law
Nov 05, 2019
New York Gov. Andrew Cuomo signed Senate Bill S5211A (S5211) on Oct. 29, updating the state’s self-storage lien law. The new legislation went into effect immediately, changing notification requirements for industry lien sales. Facility operators...
Cousins Self Storage Owner Runs for White Township, PA, Auditor
Oct 31, 2019
Donna L. Cousins, who co-owns Pennsylvania-based Cousins Self Storage with her husband, Chris, is running for auditor in White Township, Pa. The Republican will face incumbent Democrat Margaret Eyer on the November ballot, according to the source...
Fire at Diamond Self Storage in Salt Lake City Injures 2
Oct 29, 2019
Two men suffered burn injuries after a fire started inside a unit on Saturday at Diamond Self Storage in Salt Lake City. The blaze at 50 S. Redwood Road began around 9 p.m., according to Captain Adam Archuleta of the Salt Lake City Fire Department...
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