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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Shooting Victim Found Dead After Crashing Into Chula Vista, CA, Self-Storage Facility

Apr 12, 2018

A man was found shot dead yesterday afternoon inside a Toyota Highlander that burst through the front gate of L Street Self Storage in Chula Vista, Calif. Witnesses told police the SUV was traveling northbound at a low speed on Industrial...

ISS Poll: Essential Security Tools and Components for Self-Storage

Apr 12, 2018

There are many tools self-storage operators can use to help boost facility security and tenant confidence in the business. From simple, tried-and-true measures such as perimeter fencing and access gates to more high-tech components including...

Alabama Governor Signs Self-Storage Limited-Lines Insurance Bill

Apr 11, 2018

Alabama became the 28th state to either establish a self-storage limited-lines insurance license or provide a statutory exemption from licensing last month when Gov. Kay Ivey signed House Bill 419 (HB 419) into law. The measure allows limited...

10 Federal Releases DaVinci Overlock System for Self-Storage Operations

Apr 06, 2018

Diversified real estate firm 10 Federal has released a new overlock system for self-storage operations. The DaVinci Lock integrates a four-digit combination disc lock with a software platform that allows late-paying tenants to remove the overlock...

Second Person Arrested in Self-Storage Manager Theft Case in Mansfield, CT

Apr 06, 2018

Update 4/6/18 – Police have arrested a second person in connection with the theft at Mansfield Self & RV Storage in which the manager is accused of stealing $50,000. Melissa Burton, 26, allegedly provided bank accounts to Ramoutar for...

Man Dies in Officer-Involved Shooting at Peckham Plaza Mini-Storage in Reno, NV

Apr 03, 2018

A 21-year-old man was shot dead by Reno, Nev., police on March 31 at Peckham Plaza Mini-Storage. Two officers responded to a burglary call at the self-storage facility at 1400 E. Peckham Lane around 10:30 p.m. Checking the property on foot, the...

U-Haul Employees Appeal to National Labor Relations Board Against Unionization

Apr 02, 2018

Officials of Phoenix-based U-Haul International Inc., which operates more than 1,300 self-storage facilities across North America, have encouraged company employees to write to the National Labor Relations Board (NLRB), urging the government to...

Nassau County IDA Urged to End Tax Breaks for Self-Storage

Mar 29, 2018

The Nassau County, N.Y., Industrial Development Agency (IDA) could close a tourism loophole that provides tax breaks to new self-storage facilities and car dealerships. The IDA has used the exemption for projects it believes will attract customers...

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