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9 Cards in this Set
- Front
- Back
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Landlord liability |
Liable for anyone on their property |
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Occupiers liability act OLA |
Codifies the common law and sets up some basic rules for the protection of persons who come on to a property. It overrides and adds to the common law with respects to occupiers liability |
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Liability exemptions - independent contractors |
Are not responsible if the owner exercise reasonable care in the selection and supervision of the independent contractor or if worked at the contractor was engaged to do was reasonable |
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Liability exemptions - trespassers |
Non-criminal trespasser Not liable unless the death or injury results from the occupiers willful or reckless conduct Criminal trespasser Not liable unless caused by contact that is either willful and grossly disproportionate in the circumstances or if the occupier being convicted of an offense under the criminal code |
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Liability exemptions-child trespasser |
Much higher standard. Ozzy duty to trial to take such care as in all the circumstances of the case is reasonable to see that the child will be reasonably safe |
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Liability insurance |
Contracts me include provisions that require the tenant or contractor to care liability insurance to protect the landlord in the event of any injury or damage caused on site. Tenants insurance usually is valid for one year and when renewing the lease make sure that you provide a new and updated insurance policy |
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Risk management - property managers role |
1 property audits and inspections 2 fire protection engineering 3 lost investigations and analysis 4 property replacement cost valuations 5 building code compliance 6 security consulting |
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Risk mitigation what are the four factors |
Identify the risks Analyze the consequences Evaluate and rank potential impact Monitor and review **Once you identify a risk - immediately coordinate a response and communication plan |
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Four aspects to obtaining property insurance coverage |
Identify assets Identify assets liability risks Seek advice Give notification of claim |
