The frequency and severity of natural disasters are on the rise, and the impact from these wild weather events can cripple a self-storage business. What can facility operators do to protect their people and property? In this video interview recorded at the 2022 Inside Self-Storage World Expo, Mike Schofield of MiniCo Insurance Agency LLC discusses the impact of climate change on industry risk, ways to prepare for weather-related incidents and how to minimize losses. He also explains how insurance coverage has changed as a result and what operators can expect in terms of limits and premiums.
Schofield is CEO of MiniCo, which provides specialty insurance coverage for self-storage and other industries. He has more than 30 years of experience as an insurance executive with management responsibilities for sales, marketing, underwriting, claims, customer care and leadership development.
Read more about the 2022 ISS World Expo in this article recapping the event.