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Key Agent Newsletter
Winter 2016

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IN THIS ISSUE:

. Incorporating Fire Prevention Into Your Risk Management Plan
. Periodic Roof Inspections Insure Against Future Problems
. Planning Ahead for Winter Storms
 
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Incorporating Fire Prevention Into Your Risk Management Plan

Incorporating Fire Prevention Into Your Risk Management PlanFire is a serious concern for self-storage businesses and one of the costliest causes of loss for property owners and insurance carriers. In addition to the cost of repairs and lost income while spaces are unavailable to rent, the toll a fire can take on your operation can be devastating. The sight of a damaged, burned-out building can make it difficult to rent units to prospective customers, and current tenants may think twice about continuing to rent at the facility. It is critical that business owners take action to mitigate the potential risk of fire on their properties.

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Periodic Roof Inspections Insure Against Future Problems

Data Compromise Coverage for Self-Storage BusinessesBy Andy Sullivan

Roof leaks are among the most insidious problems facing self-storage owners and managers. How do you know if a roof is leaking unless you are “fortunate” enough to see a drip in a hallway? Facility owners and managers often won’t know a roof has failed until a disgruntled tenant shows up at the office with the news that a leak has damaged the customer’s contents. Self-storage management can help ward off potential problems with regular roof inspections, especially following a major storm.

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Planning Ahead for Winter Storms

Understanding Risk TransferWinter storms can be devastating, resulting in property loss and threatening both lives and livelihoods. Planning ahead for winter storms can help reduce the risk of costly damage to your self-storage facility and mitigate slips and falls on your premises. Actions such as assembling emergency supplies, increasing the number of facility inspections, preparing for freezing temperatures and staying on top of roof maintenance can help prevent costly property damage and potential lawsuits.

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