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Commercial Self-Storage Insurance


Wind/Hail Deductible Buy-Back


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Publishing

Key Agent Newsletter
Fall 2017

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IN THIS ISSUE:

. Wind/Hail Deductible Buy-Back Program for Commercial Property
. Understanding Risk Transfer
. Enforce Lease Requirements to Mitigate Risk
. Risk Management Tips Delivered to Your Inbox
 
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Wind/Hail Deductible Buy-Back Program for Commercial Property

Wind/Hail Deductible Buy-Back Program for Commercial PropertyInsurance claims as a result of damage from wind and hail have been on the rise over the past several years. In response, many insurance carriers have implemented high percentage wind and hail deductibles for commercial property in geographic areas prone to catastrophic wind and hail claims. MiniCo offers a wind/hail deductible buy-back program for commercial property owners, including self-storage, facing high percentage wind and hail deductibles.

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Understanding Risk Transfer

Understanding Risk TransferThe four key elements of risk management are risk avoidance, risk reduction, risk retention and risk transfer. Risk transfer involves sharing or transferring the entire burden of a potential loss with or to another party. Insurance is the classic example of risk transfer, but this concept plays a role in many aspects of day-to-day operations.

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Enforce Lease Requirements to Mitigate Risk

Enforce Lease Requirements to Mitigate RiskA basic element of your self-storage facility's risk management strategy is mitigating criminal and negligent activity on the premises that could result in costly claims and lawsuits. One of the most effective methods of implementing this strategy is by enforcing the rules spelled out in the lease and holding violators accountable.

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Risk Management Tips Delivered to Your Inbox

Risk Management Tips Delivered to Your InboxMiniCo now offers a new communication series for self-storage professionals. The Risk Management Tip of the Week delivers risk management tips and tools from MiniCo President and CEO Mike Schofield in a streamlined format.

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10851 N. Black Canyon Highway, Suite 200, Phoenix, AZ 85029
California License # 0H04984

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