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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Concrete Fail at Megacenter Self Storage Construction Site Damages Uber Vehicle

Aug 09, 2019

An Uber driver’s car was damaged on Aug. 5 when wet concrete fell from a high building at the Mega Center Self Storage and Office Suites construction site in Miami. The driver and mother/daughter passengers Julie Crawford and Lexi Gaddy were...

The Insurance You Need to Protect Your Self-Storage Project While in Development

Aug 08, 2019

Building a new self-storage facility comes with risk, some of which can be mitigated with the right insurance coverage. Before construction begins, owners and developers should understand their policy options, and which are best.

Mom Pleads Guilty After Body of 7-Year-Old Boy Found in Denver Self-Storage Unit

Aug 07, 2019

Update 8/7/19 – Pankey pleaded guilty to child abuse resulting in death on Aug. 1 in connection with her son, Caden McWilliams. Her sentencing is scheduled for Oct. 3. She faces a prison sentence of 16 to 32 years, according to a source...

Self Storage Association Asia Issues Safety Reminder in Response to New Singapore Warehouse Fire

Aug 07, 2019

Self Storage Association Asia (SSAA), a trade association dedicated to supporting self-storage operators and suppliers in emerging markets along the Pacific Rim, has issued a reminder to members that personal mobility devices (PMDs), such as...

Choosing Between Live and Online Self-Storage Auctions: Comparisons and Considerations

Aug 04, 2019

When it comes to choosing a self-storage auction format—live or online—there are many factors to consider. Before you choose, read about similarities and differences, and determine what you consider to be a “successful” sale.

Missing Woman Found Dead Inside Her Unit at Hillsboro, NH, Self-Storage Facility

Aug 02, 2019

A woman reported missing in April was found dead last weekend inside the unit she rented at Hillsboro Mini Storage in Hillsboro, N.H. Police were called to the property on West Main Street about 3 p.m. on Saturday after the owner of the self...

Former CubeSmart Self-Storage Employee Arrested for Burglarizing the Facility Where He Worked

Aug 01, 2019

Michael Warren, a former employee of a Joliet, Ill., CubeSmart self-storage facility, faces burglary charges after admitting to police that he broke into the property’s main office on June 2. Authorities were called to the property at 305 South...

Has Your Lease Language Languished? Time to Update Your Self-Storage Rental Agreement!

Jul 25, 2019

Your rental agreement is an incredibly important tool in your self-storage operation, but when was it last updated? Learn about the key lease provisions that should be regularly reviewed and, if necessary, modernized.

Self-Storage Talk Featured Thread: Illuminating the Costs and Benefits of Facility Lighting

Jul 23, 2019

Self-storage owners aim to provide a safe and secure site for their employees, customers and guests, and thorough facility lighting should be part of that goal. Providing all that illumination, however, comes at a cost. Not only is there equipment...

3 Kittens Freed From U-Haul Self-Storage Unit in Thornton, CO

Jul 19, 2019

Three feral kittens have been freed from a self-storage unit at U-Haul Moving & Storage of The Mile High City in Thornton, Colo., after being trapped for nearly two weeks. One was rescued while the other two eluded capture by animal control and...

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