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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Driver Injured After Crashing Into Cape Coral, FL, Self-Storage Facility

May 16, 2019

A driver was seriously injured after losing control of his vehicle and crashing into A1 Shelters Self-Storage in Cape Coral, Fla., on Tuesday evening. The gold-colored Nissan Murano was headed south on Chiquita Boulevard at about 6:30 p.m., near...

Your Self-Storage Rental Agreement: Is It Binding on Young Adults and Non-English Speakers?

May 16, 2019

As a self-storage operator, you likely understand the importance of your rental agreement, but do you know what makes it binding? Learn some basics of contract law and how it may affect enforceability, particularly in the cases of young adults and...

Man Dies After Crashing Into New London, CT, Self-Storage Facility

May 14, 2019

A 50-year-old man died on Friday afternoon after suffering medical issues that caused him to crash his car into New London Self-Storage in New London, Conn. The unidentified man first hit the building at 960 Bank St. and then slammed into a metal...

Package Deal: The Advantages of a Business Owner Insurance Policy for Self-Storage Operations

May 10, 2019

Just like businesses, not all insurance coverages are alike. Learn how a business owner policy offers advantages for a self-storage operation in the areas of liability and property protection.

Prepping Your Self-Storage Business for Hurricane Season

May 08, 2019

With hurricane season approaching, it’s time to prep your self-storage property. Having faced the wrath of past storms, the authors share how to protect your facility and communicate with tenants and the community.

Individual Unit-Door Security Technology: The Benefits to Self-Storage Tenants and Operators

May 03, 2019

Your self-storage customers expect their belongings to be safe at your facility, but they also want convenient access to their space. Individual unit-door security offers both benefits. Today’s technology provides you with a competitive advantage...

New Mexico, North Dakota Governors Sign Self-Storage Tenant-Insurance Bills

May 01, 2019

The governors of New Mexico and North Dakota have signed bills that allow self-storage operators to sell tenant insurance. New Mexico Gov. Michelle Lujan Grisham signed Senate Bill 378 (SB 378) on April 3, giving storage operators the opportunity...

West Virginia Legislature Considers Update to Self-Storage Lien Law

Apr 26, 2019

Update 4/26/19 – West Virginia Gov. Jim Justice signed HB 2761 on March 26, overhauling the state’s self-storage lien law. Among the provisions not previously reported are the abilities to charge a late fee of $20 or 20 percent of monthly rent...

UK Self-Storage Association Warns Industry About YouTube Video ‘Homeless’ Scam

Apr 24, 2019

The Self Storage Association of the United Kingdom (SSA-UK) has issued a warning to facility operators about a video scam officials believe could encourage customers to rent units with the intent of living or sleeping in them. The e-mail message...

Kent, WA, Self-Storage Manager Killed After Carjacking

Apr 23, 2019

Update 4/23/19 – Police say Kainth admitted to shooting self-storage manager Jered Sperling before abandoning the stolen vehicle. Though the suspect claimed he shot Sperling with a gun he found in the center console of the pickup truck...