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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.

Sounds of Storage Podcast: Insurance Expert Kay Schaefer Addresses the Impact of Climate Change on Self-Storage

Jul 08, 2022

In this “Sounds of Storage” podcast, industry insurance expert Kay Schaefer discusses the ways climate change and disastrous weather events are affecting self-storage owners, from the impact on insurance coverages to the way facilities are...

Sold! Strategic Tips to Help You Get the Most Out of Your Online Self-Storage Auctions

Jul 05, 2022

More and more self-storage operators are selling their delinquent units through online platforms, but not all lien sales yield great results. Here are some tips to help you get the most out of your online auctions.

Man Arrested for String of Burglaries at Lakeside, CA, Self-Storage Facility

Jun 30, 2022

Police arrested a man this week who’s suspected of committing several burglaries at Ace Self Storage in Lakeside, California. The thefts at 9672 Winter Gardens Blvd. happened in late June over the course of 10 days, according to sources...

Blackouts, Heat Waves and More: Is Your Self-Storage Business Ready for a Sweltering Summer?

Jun 28, 2022

Summer has arrived, and with it comes extreme temps in many regions—even those that don’t expect it. The Climate Prediction Center declared most U.S. regions will experience above-normal temperatures this year, and that kind of heat can not only...

Before It Strikes: How to Brace Your Self-Storage Facility for an Incoming Disaster

Jun 25, 2022

Self-storage operators often live blissfully on the assumption that a disaster will never strike at their property, but calamities can and do happen—everywhere. It’s important to be prepared with an emergency plan. Here’s guidance what it should...

Ohio Governor Signs Self-Storage-Friendly Bill Into Law

Jun 21, 2022

Ohio Gov. Mike DeWine last week signed House Bill 321 (HB 321) into law, which makes substantial changes to the state’s self-storage lien legislation. It goes into effect on Sept. 15, according to a recent newsletter distributed by the national...

Self-Storage Lien-Law Changes Take Effect in 4 States on July 1

Jun 21, 2022

Updated self-storage lien laws will go into effect on July 1 in Connecticut, South Dakota, Vermont and Virginia, according to a June 20 newsletter distributed by the national Self Storage Association to its members...

Self-Storage Has Unique Risks! Here Are Specialty Insurance Coverages Every Owner Needs

Jun 17, 2022

While your self-storage business is likely covered by a standard insurance policy, our industry involves several unique risks. This means you need coverages that extend beyond the basics. Find out what they are and how they protect your business.

Hurricanes, Sizzling-Heat and Other Adverse Weather: Protecting Your People and Self-Storage Property This Summer

Jun 17, 2022

Summer is here, and with it comes hot weather, hurricanes and other yucky weather for most parts of the United States. What’s your plan to keep your self-storage staff, tenants and property safe? Consider the following advice.

2 Men Arrested for Burglary at Pueblo West, CO, Self-Storage Facility

Jun 15, 2022

Two men were arrested early Monday morning for breaking into Freedom Self Storage in Pueblo West, Colorado. Police were called to 469 E. Spaulding Ave. at 1:15 a.m. after the facility’s security reported an active crime, according to sources...