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.

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Important Reminders About Selling Tenant Insurance and Protection Plans in Self-Storage

Sep 23, 2019

Recent lawsuits involving tenant insurance and protection plans are proof that self-storage operators need to understand what they’re selling. Here are some important reminders about offering these products, including some dos and don’ts.

Man Confesses to Murder After Human Remains Discovered in Philadelphia Self-Storage Unit

Sep 20, 2019

A man confessed to murder and was arrested after police discovered dismembered human remains this week inside a Philadelphia self-storage unit. Authorities received a tip on Monday that led them to Safeguard Self Storage at 3300 N. Franklin Ave...

Man Shot at Public Storage Facility in Geneva, IL

Sep 17, 2019

A man suffered non-life-threatening injuries on Sunday after being shot in the neck and back while visiting a Public Storage facility in Geneva, Ill. The 30-year-old victim was taken to Northwestern Medicine Delnor Hospital, where he was still...

St. Louis Park, MN, Considers Self-Storage Ban in Business Parks

Sep 13, 2019

Officials in St. Louis Park, Minn., are working on changes to the city’s comprehensive plan and zoning ordinance that would define self-storage as a conditional, permitted use within industrial parks and general industrial-zoning districts but...

Sacramento, CA, Officials Consider Self-Storage Ban Along Stockton Boulevard Corridor

Sep 06, 2019

The Sacramento, Calif., Law and Legislation Committee voted unanimously this week to forward a proposal to the city council that would ban auto-service and self-storage businesses along the Stockton Boulevard corridor where it intersects with...

Storable Adds Self-Storage Insurance Providers Bader, Storsmart to Stable of Companies

Sep 03, 2019

In a pair of related transactions, self-storage insurance provider Storsmart Insurance Co. acquired competitor Bader Co., and then joined forces with Storable, a supplier of cloud-based access control, management software, marketing, payment...

All Alone: Using Your ‘Spidey’ Senses to Stay Safe in Self-Storage

Aug 30, 2019

Self-storage operators often work long hours alone, which can leave them vulnerable to dangerous situations. Keeping alert and having a plan in case something does go down is smart and necessary.

Middletown, MD, Officials Approve Self-Storage Zoning-Ordinance Changes

Aug 28, 2019

Update 8/28/19 – Middletown commissioners unanimously approved an ordinance on Monday that makes self-storage a primary use in the town’s code. It also defines the terms “personal property,” “self-storage units” and “storage.” ...

YICK! MOLD! What to Do If You Find an Infestation at Your Self-Storage Facility

Aug 26, 2019

Discovering mold inside your buildings would be a shock for any self-storage operator. It won’t only ruin tenants’ goods, it poses a serious health risk. While it’s best to prevent mold from growing in the first place, here’s what to do if you...

Murder Suspect Pleads Guilty to Death, Rape of 68-Year-Old Woman Found in Akron, OH, Self-Storage Unit

Aug 23, 2019

Update 8/23/19 – Olson agreed this week to plead guilty to murder and rape charges in the Wohlfarth death case to avoid a potential death sentence, according to prosecutors. He was indicted on Tuesday on felony charges of aggravated murder, grand...