Condominium communities are not immune to various risks that can both jeopardize resident safety and the financial integrity of the corporation. Risk Management initiatives, along with the importance of comprehensive documentation is needed – Why…to substantiate compliance and fortify against potential liabilities or claims.

In this blog, we will discuss why condominium communities should have an active risk management program and emphasize the importance of having documentation to prove compliance and defend against potential losses or claims.

A recent Condo fire in Saskatoon, with damages over 5 Million dollars , reveals numerous immediate lessons learned for Condo’s across Canada.

The majority of these lessons learned seem to focus on resident actions, or in actions. Fire Safety is a team approach and your fire safety plan, written just for your condo, must include the roles and responsibilities of all parties in the building. Failing to engage the residents means a part of your fire safety team – is not aware of their roles and responsibilities.

Fire Prevention Week 2021 ! What does this mean for Condominiums in Ontario?