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.

Legal Considerations for Letting Self-Storage Employees Work From Home During COVID-19

Nov 20, 2020

COVID-19 has driven many businesses to let employees work from home. If this is happening at your self-storage operation, here are some things you need to know to better manage staff and mitigate legal risk.

Self-Storage Associations Help Defeat California Prop. 15 Targeting Commercial Property Tax

Nov 18, 2020

Update 11/18/20 – The results of the 2020 California election are largely confirmed, and Prop. 15 has been conquered. Rob Lapsley, co-chair of the “No on Prop 15” coalition, praised the state and national associations for their endeavor to stop...

Felony Suspect Barricades Himself at Sweden, NY, Self-Storage Facility

Nov 17, 2020

A man with a felony warrant barricaded himself inside a self-storage unit in Sweden, N.Y., for about eight hours on Friday before surrendering peacefully. Investigators were attempting to take the man into custody around 8 a.m. when he fled to...

New York Lawmakers Consider Ban on Self-Storage Lien Sales During COVID-19 Emergency, Operators Seek Solutions

Nov 17, 2020

Update 11/17/20 – While SB 9075 remains with the New York Legislature’s Senate Rules Committee, self-storage industry officials are urging customers at risk of delinquency to work directly with their facility operator on solutions that will...

Tenant Property Protection Launches TPP Plus for Boat/RV Self-Storage Customers

Nov 11, 2020

Tenant Property Protection (TPP), a Phoenix-based company that offers protection for goods stored in self-storage units, has just launched a new plan designed for boat and RV storage. TPP Plus is an ADW/DR (accidental damage waiver/deductible...

Arrest Made in Connection With Thefts at South Boston, VA, Self-Storage Facility

Nov 11, 2020

Police have arrested a man in connection with break-ins of several units at a self-storage facility in South Boston, Va. The thefts at Love Shop Mini Storage happened on Oct. 27, according to the source...

What’s in a Name? The Risk of Trade Name and Trademark Infringement to Self-Storage

Nov 11, 2020

There's a bunch of words that are common to see in the names of self-storage businesses. Sometimes, two brands can sound remarkably similar. So, it isn’t surprising that disputes can arise between operators. Learn about the risk of trade name and...

Establishing a Disaster-Prevention and Emergency Plan for Your Self-Storage Operation

Nov 05, 2020

Eventually, every self-storage facility will experience some kind of disaster. The key to survival is establishing a prevention and emergency plan to mitigate the impact when crisis hits. Here’s a place to start.

Undercover Operation Nabs Blowing Rock, NC, Self-Storage Thief

Nov 04, 2020

An undercover police operation flushed out a thief who broke into several units last month at Blowing Rock Self Storage in Blowing Rock, N.C. The burglaries at 405 Ransom St. occurred between Oct. 23 and 25, according to the source...

Worcester, MA, Officials Seek to Limit Self-Storage Projects

Nov 04, 2020

Update 11/4/20 – The Worcester Planning Board voted unanimously on Oct. 28 to recommend the self-storage zoning amendment to the city council. Stephen Rolle, an assistant chief development officer for the city, told planners the measure will help...

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