As we have seen with the COVID-19 outbreak, you can’t always predict when a major incident will occur. Therefore, it is essential, now more than ever, to implement the right loss control program, particularly if you are managing a property—whether it be an apartment, condominium or similar dwelling.
Safety Checklists, Policies & Forms Help You Manage Your Property More Efficiently
Loss control programs, also known as loss prevention programs, are procedures, policies and other steps organizations can implement to reduce the likelihood of an insurance claim or costly incident. In the property management industry, loss prevention programs set the standard for how stakeholders maintain and improve the buildings and units they oversee. With proper preparation, you can reduce the impact of an incident or even eliminate some risks altogether.
We recently published a a Loss Control Guide for Apartments and Condos designed to provide a summary of the major risks property managers must address. This guide includes helpful strategies and materials to reduce exposures and provides in-depth checklists to keep properties and residents secure and safe.
What Does It Include?
In this guide you will find resources on:
- Managing Your Loss Prevention Program, including how to handle repair and maintenence requests, incident investigations, building and safety codes, certificates of insurance, etc.
- Elemental and Weather-Related Risks such as fire, earthquakes, lightning, and snow/ice
- In-Unit and Building Risks associated with balconies and decks, windows, locks, etc.
- Common Areas and Amenities such as elevators, pools, exercise rooms and green spaces and considerations regarding safety and liability in these areas
- And More
Download the full guide below, and please contact a Valent Group risk consultant if you have any questions. Our loss control team would be happy to assist.