Insights

Self-Storage: Opportunity Behind the Rollup Doors

Self-Storage: Opportunity Behind the Rollup Doors

4 Reasons Why Insurance Agents Should Give Self-Storage Risks a Closer Look Self-storage is a superstar in the commercial real estate market. Over the past half-century, the industry has proven itself to be resilient to the vagaries of consumer trends, economic recession, and even global pandemic. As the industry continues to grow, so do the opportunities for agents and brokers. Take a peek behind the rollup doors to learn more. 1. Strong Industry Metrics The...

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Surviving a Wildfire

Surviving a Wildfire

According to the National Interagency Fire Center, federal wildfire suppression costs range from $1-2 billion annually. Here are some tips to help you survive during a wildfire. Call 9-1-1 to report a fire. Don't assume that someone else has reported it.Monitor the Emergency Alert System (EAS), National Oceanic and Atmospheric Administration...

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Surviving a Wildfire

Fire Prevention Tips for Customers

Educate your tenants and customers about fire prevention to help reduce risk at your property.3 Ways to Educate Customers About Fire Prevention Signage: Post signs around the property to remind customers that smoking, candles, and open flame are prohibited.Monthly Bills: Add a fire prevention tip or other safety reminder to each monthly bill or...

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Surviving a Wildfire

Creating Defensible Space for Wildfires

Defensible space is a zone in which vegetation, debris, and other combustible fuels have been cleared, minimized, or treated with the goal of slowing the spread of fire to and between buildings. Here are tips from the Department of Homeland Security's website www.Ready.gov.6 Tips for Creating Defensible Space Choose fire-resistant materials for...

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MiniCo Recognized as 5-Star Program Administrator by Insurance Business America

MiniCo Recognized as 5-Star Program Administrator by Insurance Business America

MiniCo has been chosen for this award for the second year in a row by voters within the insurance industry. MiniCo Insurance (MiniCo), a Jencap company, has been recognized for the second consecutive year as a 5-Star Program Administrator by Insurance Business America. Program administrators were nominated by insurance industry professionals...

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Surviving a Wildfire

Pre-Wildfire Mitigation

According to the U.S. Environmental Protection Agency (EPA), an average of 70,000 wildfires are set ablaze across the United States each year. Lightning can trigger burns, but they are frequently initiated by humans through intentional or unintentional means. Property owners can help mitigate potential wildfire losses, but some don’t take these...

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How to Get Your Underwriter to Get Behind Your Risk

How to Get Your Underwriter to Get Behind Your Risk

Communicating the story of your client’s risk profile can yield optimal coverage at the best rate. One of the most effective ways an agent can streamline the quoting process and get the best rate for a commercial client is by telling your underwriter a story. The story you craft probably won’t begin with “once upon a time,” but it may result in a...

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Surviving a Wildfire

First Aid for Heat Exhaustion

First aid actions for heat-related illness: Call a supervisor or co-worker for help. If no one is available, call 911.Have someone stay with the person until emergency medical personnel arrive.Move the person to an area that is air conditioned or shaded.Remove the person’s outer clothing.Fan the person and mist them with water. Apply ice bags or...

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Hurricane Season at Halftime: What Do Forecasters Predict for the Atlantic?

Hurricane Season at Halftime: What Do Forecasters Predict for the Atlantic?

Does a quiet July indicate a mild season overall? Not so fast! Since the official start of the Atlantic hurricane season on June 1st, the U.S. coastline and Gulf Coast have been quiet. According to the Tropical Weather and Climate Research team at Colorado State University (CSU), the three named storms that have developed so far accounted for...

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Cyber Liability is An Important Protection for All Industries

Cyber Liability is An Important Protection for All Industries

Which of your commercial clients need cyber coverage? All of them. Any organization that has a computer network, handles confidential information, or collects and transacts with personal identifiable information is at risk of a data breach. This exposure has the potential to pose a significant financial threat to any business or entity involved....

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Surviving a Wildfire

Know the Signs of Heat-Related Illness

Working outdoors in the summer months can mean coping with hot, humid weather conditions. It is important for you and your facility managers to understand the symptoms of heat exhaustion and heat stroke to help prevent these dangerous, and possibly deadly, situations. Symptoms of heat exhaustion: Headache, dizziness, or faintingWeakness and wet...

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Higher Construction Costs Lead To Increased Insurance Rates

Higher Construction Costs Lead To Increased Insurance Rates

The construction industry is facing its share of challenges lately. COVID-19-related shutdowns are causing ongoing product shortages. Supply chain disruptions are making it difficult to secure materials and leading to project delays. Soaring inflation is causing construction material prices to skyrocket by as much as 26.7%—which is having a...

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Watch Out for Heat Stress

Watch Out for Heat Stress

In many parts of the country, the summer months mean high heat and high humidity – a combination that can be a serious health hazard for you and your facility managers who have to work outside. Here are some tips for avoiding heat stress and heat-related illness: Wear light-colored, loose-fitting clothing made of breathable fabric.Drink small...

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Loss-Control Tips for Private Collectors

Loss-Control Tips for Private Collectors

Billion-dollar insurance losses have been on an upward trajectory for the past several decades in a trend that shows no signs of slowing down. The latest data from The National Oceanic and Atmospheric Administration (NOAA) indicates a dramatic increase in both the total number of billion-dollar events each year as well as the cost of insured...

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Watch Out for Heat Stress

Here Comes the Sun

During the warm-weather months, it's important to take precautions to protect yourself and your employees from the hazards of sun exposure while working outside. Ultraviolet (UV) radiation in sunlight causes premature skin aging, wrinkles, cataracts, and skin cancer. Remember: there are no safe UV rays or suntans. Here are a few ways to stay safe...

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Watch Out for Heat Stress

Employment Practices Liability Coverage

No business is immune to the possibility of employment practices complaints, which most commonly involve complaints of sexual harassment, discrimination, and wrongful termination. With this in mind, it is important to discuss employment practices liability coverage with your insurance agent. Employment practices liability coverage may be...

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Watch Out for Heat Stress

Employment Practices Complaints

High-profile cases involving employee claims of sexual harassment, discrimination, and wrongful termination by their employers make headlines on a regular basis. Self-storage businesses are not impervious to this type of trouble. In today’s litigious environment, all employers would be wise to consider employment practices liability coverage to...

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Watch Out for Heat Stress

Fireworks Safety

In the weeks surrounding the July 4th holiday, an average of 180 people per day wind up in the emergency room due to fireworks-related injuries according to the U.S. Consumer Product Safety Commission. Fireworks are synonymous with Independence Day celebrations. But in the midst of the festivities, it can be easy to overlook the fact that...

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Pest Control

Pest Control

The last thing your tenants want to discover is evidence of damage to their valuable stored items as a result of insects, rodents, or other pests. Your facility risk management plan should include a monthly pest control prevention program that includes regular inspections and treatment. Hiring a licensed, insured pest control vendor to perform...

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