Risk Management

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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.

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Topics

Risk Management
- Legal
- Insurance
- Government
- Crime
- Disaster
- Safety

Happening Now

The Issue of COVID-Driven Debt: How to Proceed When Your Self-Storage Tenant Files Bankruptcy

Apr 10, 2021

Here Comes the Sun: 3 Reasons for Self-Storage Optimism as Pandemic Clouds Begin to Break

Apr 09, 2021

Self-Storage REITs Schedule Conference Calls to Discuss 1Q 2021 Financial Results

Apr 09, 2021

Making Strong Self-Storage Hires: 3 Things You Must Do to Find the Right Skills and Work-Culture Fit

Apr 09, 2021

Storage Vault of Scotland to Accept Bitcoin for Self-Storage Payments

Apr 09, 2021

Self-Storage Development and Zoning Activity: April 2021

Apr 08, 2021

5 Video-Security Challenges Faced by Self-Storage Operators and How to Overcome Them

Apr 08, 2021

Keylock Owner AJ Osborne Shares Hard Truths About Self-Storage Facility Automation

Apr 07, 2021

Please Join Us for the New ISS Virtual Conference!

Join us for two days of info-packed seminars presented by industry experts! All sessions will be LIVE with polls, chats and Q&A.

Highlights

The Issue of COVID-Driven Debt: How to Proceed When Your Self-Storage Tenant Files Bankruptcy

Apr 10, 2021

Many people are facing financial strife due to the pandemic, and some will seek bankruptcy as a solution to alleviate their debt. If this...

5 Video-Security Challenges Faced by Self-Storage Operators and How to Overcome Them

Apr 08, 2021

Placing video cameras around your self-storage property is one of the best ways to provide and promote security...

Personal Mini Storage of Deland, FL, Re-Opens After Tornado Damage

Apr 07, 2021

Personal Mini Storage, which operates 45 self-storage locations in 18 Florida cities, has re-opened its property...

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Police Catch and Arrest 3 Suspects in Arcata, CA, Self-Storage Burglaries

Apr 06, 2021

Police responding to a burglary at an Arcata, Calif., self-storage facility on Saturday evening discovered three men breaking into multiple units. The trio is also suspected of thefts at another local storage property, according to the source...

Self-Storage Insurance Provider MiniCo Joins Forces With NIP Group, Adds 4 Specialty Programs

Apr 06, 2021

MiniCo Insurance Agency LLC, a provider of coverages for self-storage and other industries, has joined forces with affiliate company NIF Group Inc., to add four new programs to its portfolio of specialty insurance products. They are ArtisanPAK...

World Insurance Associates Partners With HowsMyStore Self-Storage Monitoring Solution

Apr 02, 2021

World Insurance Associates LLC (WIA), a full-service insurance brokerage, has partnered with HowsMyStore (HMS) to offer an insurance discount to customers who implement the HMS self-storage facility-monitoring solution. HMS helps storage operators...

You’re Outta Here! Jim Ross Explores Cringeworthy Reasons to Evict Self-Storage Tenants

Mar 31, 2021

Self-storage tenants can do some strange and unsavory things, but actions that warrant an eviction are often a matter of debate. For example, should you kick out a customer who’s habitually late on his rent or look at his ongoing late fees as a...

2 Self-Storage Tenants Arrested for Drug Trafficking, Unit Break-Ins in Wilkes-Barre, PA

Mar 30, 2021

Two men who rented units at a U-Haul self-storage facility in Wilkes-Barre, Pa., have been arrested, one for trafficking drugs...

The Legal Impact of the Pandemic on Self-Storage: Answers That May Help You Avoid Risk

Mar 30, 2021

Never have the legal waters been murkier for self-storage operators. The coronavirus pandemic has led to new legislation and...

Self-Storage Tenant Charged With Stealing From Fellow Customers in Wichita Falls, TX

Mar 25, 2021

A man who rented a unit at two StoreLine Self Storage facilities in Wichita Falls, Texas, has been arrested for breaking into...

Arkansas, Utah Update Self-Storage Lien-Law Legislation

Mar 23, 2021

Arkansas and Utah have passed legislation to update their respective self-storage laws and provide more options for advertising lien sales. Industry operators in those states will now be able to promote their auctions in places other than a local...

Safety Is the Priority! How the Inside Self-Storage World Expo Plans to Deliver a Hygienic, Productive Experience

Mar 23, 2021

The Inside Self-Storage World Expo is back this year, July 13-16, with education, networking and exhibits at The Mirage Hotel & Casino in Las Vegas. Learn how we’ll be keeping you safe, including enhanced health and safety standards to protect all...

Illegal Residency Causes Fire at Reading, PA, Self-Storage Facility

Mar 23, 2021

A fire that began inside a Reading, Pa., self-storage unit yesterday morning was likely started by a couple who were living in the space, which is against the law. Fire crews responded at 5:30 a.m. to Route 625 Storage at 824 New Holland Road...

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