eRisk Management Newsletter

Summer 2021

IN THIS ISSUE:

. Preparing for Hurricane Season
. Wildfire Season Forecast and Preparation
. The Importance of Reporting Claims Promptly
. Guard Dogs and Animal Liability Exclusions
 

Preparing for Hurricane Season

June 1st marked the official start of the Atlantic hurricane season. This year's extended-range forecast published by Colorado State University research scientist Dr. Philip Klotzbach anticipates above-average activity. Self-storage business owners in coastal areas are encouraged to act now to prepare for severe weather. The first step is to create an emergency preparedness plan.

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Wildfire Season Forecast and Preparation

The 2020 wildfire season shattered records across several western states with more than 4.3 million acres burned in California alone, a number greater than twice the state's previous record. Unfortunately the outlook for 2021 is equally grim. AccuWeather's wildfire forecast predicts 9.5 million acres will be burned across the western states in a season that may be devastating in both intensity and length.

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The Importance of Reporting Claims Promptly

With the Atlantic hurricane season underway, the increasing threat of wildfire, and the growing number of hail and severe weather events across the country, it is critical for self-storage property owners to understand the important role timing can play in resolving insurance claims. Delayed claims reporting may result in an extended investigation, delays in resolving the claim, and possibly a more costly outcome for the policyholder.

READ MORE....

 

Guard Dogs and Animal Liability Exclusions

If you are considering adding guard dogs as a security measure for your self-storage facility, it is critical to be aware of the liability exposure involved and the need for specific insurance protection to address those exposures.

READ MORE....

 

800-528-1056 | www.MiniCo.com | customercare@minico.com
10851 N. Black Canyon Highway, Suite 200 | Phoenix, AZ 85029
CA License: 0H04984
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