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23 Cards in this Set
- Front
- Back
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What are 3 property assests to protect through risk management |
Property People Community Goodwill |
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What areas should a risk management process address |
Identify potential risk in operations Analyze the frequency and severity of past/Potential losses Eliminate or reduce risk Build financial protection to cover non eliminated risks Create risk management policies and procedures |
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List 3 types of financial risks |
Fraud Theft Embezzlement |
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What is the most common risk management strategy |
Finance the risk |
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When minimizing financial risk what 3 areas should you consider |
Income fees and cash Physical property Records and screening |
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What are the 3 highest liability areas |
Property hazards Environmental hazards Crime deterrence |
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What are your responsibilities to provide habitability |
Repair and maintain to reduce safety hazards Maintaining required housing habitability |
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What most all pools and spas have |
Anti entrapment devices |
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When/how can you communicate to residents about their safety |
During the lease signing meeting With notice letters when serious incidents occur During resident meetings In the community newsletter |
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List 2 federal environmental governing agencies |
Environmental protection agency (EPA) Occupational safety and health administration (OSHA) |
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What are 6 areas of focus for OSHA that employers are required to comply with
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Hazard communication Standard Lockout tagout Standard Bloodborne pathogens Personal protective equipment (PPE) Electrical safety related work practices OSHA record keeping |
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A Maintenance tech was using hazardous chemicals during his shift what should he do at the end of his shift |
Empty and clean the container |
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What is a safety data sheet (SDS) |
A document that describes the health and physical hazards associated with a particular chemical or material |
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What are the written requirements for the PPE Standard |
The Standard doesn't require a written program, but does require a written assessment and documentation of exposures |
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Why is it important for managers to be informed of the OSHA regulations and perform regular inspections to ensure compliance |
To comply with regulations when a OSHA inspection is performed and help you avoid any fines or possibly injury claims |
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What is the goal of emergency planning |
To minimize impact to residents, staff, and business operations |
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What are 3 major impacted entities in an emergency |
People Property Business |
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What is the purpose of an emergency drill |
To ensure that all aspects of the evacuation can be fully executed |
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What are the components of an emergency plan |
Prevention Detection Communication Evacuation Containment/mitigation Recovery Public relations |
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In relation to emergency planning what are the 3 components of a business |
Equipment Supplies Infrastructure |
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What is loss control |
Doing everything you can to mitigate the impact of the loss once it occurs |
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What is loss prevention |
Loss prevention is being proactive in preventing losses |
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Third party insurance involves what 3 parties |
The policy holder The insurance company Third party to the insurance contract, the claimant against the policyholder |
