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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.

Man Hits Pedestrian With Vehicle Following Argument at Stafford, VA, Self-Storage Facility

Sep 03, 2021

A dispute between two men outside Stor-It Self Storage in Stafford, Virginia, on Tuesday resulted in one allegedly driving his car into the other. The incident at 2023 Jefferson Davis Highway happened at 8:25 p.m., according to the source...

2 Members of Hampden, MA, Planning Board Resign Over Self-Storage Permit Controversy

Sep 03, 2021

Robert Howarth and Phil Schneider, members of the Hampden, Massachusetts, Planning Board, resigned after residents publicly accused them of improprieties related to special-permit requests that would pave the way for a self-storage project. Though...

Has This Self-Storage Unit Been Abandoned? Making the Call and Next Steps

Aug 31, 2021

Imagine this scenario: While conducting the morning walk-through at your self-storage facility, you notice a unit missing a lock. You roll up the door and discover the space is mostly empty except for a couple of very light boxes and few loose...

Self-Storage Owner Named to North Carolina Auctioneers Commission

Aug 30, 2021

North Carolina Gov. Roy Cooper recently appointed self-storage owner Melinda Quick Porter to serve on the North Carolina Auctioneers Commission, also known as the North Carolina Auctioneer Licensing Board (NCALB). Porter is co-owner of Porter...

Fire Safety and Prevention for Self-Storage Operators and Their Tenants

Aug 27, 2021

A fire can be ignited by any number of causes. If one happens at your self-storage facility, it can spread quickly and has the potential to devastate your business. A veteran fire-safety inspector provides tips for creating a safer environment for...

Fire at Bradenton, FL, Self-Storage Facility Injures 5, Causes $1.5M in Damage

Aug 25, 2021

A fire broke out at Mini U Storage in Bradenton, Florida, on Saturday, injuring five firefighters and causing an estimated $1.5 million in damage to the self-storage property and unit contents. Initial responders from Cedar Hammock Fire Rescue ...

California Governor Amends Price-Gouging Protections That Affect Self-Storage, Other Services

Aug 20, 2021

Update 8/20/21 – Governor Newsom this week declared a state of emergency for El Dorado County due to the Candor Fire, which has burned 6,500 acres in the state. The county is also under a consumer alert for price gouging. Eleven counties are now...

Officer Shoots Thief Who Rammed Police Vehicle at Jessup, MD, Self-Storage Facility

Aug 19, 2021

An officer shot and wounded a suspect at a Jessup, Maryland, self-storage facility on Monday after said suspect rammed his vehicle into a police car. Police had been searching for thieves of a local Lowe’s home-improvement store when they followed...

Tenant-Protection Plans for Self-Storage Customers: Benefits and How a Program Works

Aug 19, 2021

Many self-storage customers are unaware that their stored belongings aren’t automatically covered against damage or loss. It’s important for facility operators to explain the need for coverage and offer a solution like a protection plan. Here’s...

Obsidian Partners With SafeLease to Provide Self-Storage Tenant-Protection Program

Aug 18, 2021

Obsidian Insurance Holdings Inc. and SafeLease Insurance Services have joined forces to provide a tenant-protection program for the self-storage industry. The partnership will allow self-storage operators to integrate the plan directly into their...

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