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By Rica Howard Ford
Consider these scenarios: you are the owner of six self-storage facilities across the United States, including two coastal sites that have been declined or have wind storm exclusions on your standard insurance coverage. Or maybe you also operate a truck leasing service, need to insure a converted property, or have a facility in a high crime area. If you face any of these situations, your insurance coverage now becomes more complicated. It can become much more expensive as well.
Read more.......
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By Jeffrey Greenberger
As a self-storage facility owner/operator, one of the things you have to be concerned about is the possibility of children entering your self-storage property and becoming injured or worse. Unfortunately for the operator, the general statement of law is that, even if the child trespasses onto your land, if you have not taken adequate measures to avoid children hurting themselves and you could have taken these precautions reasonably, you may be liable for the injury or death of the child.
Read more....... |
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By Glenn Drenkhahn
Mobile self-storage operations have grown rapidly over the past several years in all regions of the country. Though it may appear a logical extension of traditional self-storage and very similar in purpose and scope, mobile self-storage presents some liability and insurance coverage issues many operators do not anticipate. In addition, don't assume your current self-storage insurance carrier is capable of accommodating your needs and don't assume coverage is automatic.
Read more....... |
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By Jim Clemmensen
In your self-storage business, you no doubt have a provision in your lease which represents the basis for tenant release and indemnification. Simply put, your tenant agrees to indemnify and hold harmless the lessor (your self-storage facility) from any damages related to storage. This provision of your lease is critically important since courts strictly construe these provisions.
Read more....... |
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Safeco Insurance has prepared a number of valuable risk-management tip sheets to help property owners prepare for the 2006 storm and wildfire seasons.
Read more....... |
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© 2006 MiniCo, Inc. All rights reserved. |
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MiniCo, Inc. Corporate Headquarters
2531 W. Dunlap Avenue
Phoenix, AZ 85021 |
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