Best's Loss Control Report

Apartments, Cooperatives and Condominiums


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Best's Loss Control reports describe the hazards present in a wide variety of industries and municipal services. Each report includes a description of the industry, on-site inspection checklists to identify exposures and loss controls, and a Hazard Index chart that quantifies the degree of liability in relevant lines of insurance.

Report Date: 1/4/2023 9:15:09 AM
Report Type: Update
Report Description: The Apartments, Cooperatives and Condominiums report helps readers assess the insurance needs of individuals and companies that own various types of multi-unit properties, primarily residential. Property is the line of insurance coverage that carries the greatest degree of exposure. Special exposures include owners' ultimate liability for any claims that may occur on the properties they own, including claims of personal injury, property damage, or excessive noise that may be attributed to on-site operations such as repair jobs and landscaping work. Directors and officers for these properties also could be sued by residents to redress real or imagined wrongful acts that may have resulted in the mismanagement of facilities. Related reports include Asbestos Abatement Contractors; Building Construction — General Contractors; Guard and Patrol Services; Janitorial Services; Lawn Care and Landscaping Contractors; Lead Abatement Contractors; Pest Control Operators; Property Management Firms; Real Estate Offices and Brokers; Swim Clubs and Swimming Pools; and Tennis Clubs.

 


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