Risk & Liability | Building Engines
Building Engines Blog | Risk & Liability
Building owners need to be mindful of their impact on local watersheds and, in some cases, may be required to take extra steps to protect wildlife.
The property manager that prepares ahead of time for weather-based emergencies is the property manager with happy tenants- and software is often the key to both preparedness and efficient crisis response.
Building managers should communicate with their tenants about building policies and procedures, contact their snow removal, and brief their property teams on the timing of the storm and likely changes to their building management activities- all well in advance of the storm.
Halloween, a day characterized by lit candles inside vegetables, marked the last day of Fire Prevention Month. Why not end it with a non-fire starting bang? You can’t just prevent fires by being a wet blanket – you need to follow codes and standards, brush up on safety information, train your team, and conduct routine maintenance and inspections. It’s a lot more to cover than a blanket can handle, which is why I’m going to break it down for you. With help from Cintas Corp’s article on Fire Readiness and a recent interview with Peter Harrod, VP of Code Consulting and Fire Engineering Services at Cosentini Associates, I’ve gathered 7 fire prevention best practices for property management professionals.
With the damages of Hurricane Sandy still emerging along its East Coast path and more than 8.1 million homes and businesses hit with power outages, it becomes clear how important disaster preparation and a quick response are. To prepare for a similar event, here are some basic things you can do now to ensure the safety of your occupants and staff, as well as reduce property damage.
FACT: 2011 saw more billion-dollar natural disasters than any year on record. Storms such as Hurricane Irene battered the U.S. East Coast while southern tornadoes brought devastation from Missouri to Alabama. Don’t wait until you are hit by a Black Swan Event – take steps to prepare your building before the unexpected occurs.
Friday the 13th is notorious for being an unlucky day. Numerous folklore tales attempt to explain the day’s superstitious reputation and evade its misfortune. So how can you protect your building from the possible preys of this unlucky day?
In 30 minutes, you will learn how to: Implement an Assessment of Condition of your Fire & Life Safety Systems, Plan the forward thinking changes that will attract and retain tenants, Avoid the 10 biggest Fire & Life Safety management mistakes, and more!
Tailgating is fun, right? Football, food, family, friends… forgive the alliteration, but what’s not to like? Rewind back to real estate mode and you’ll see that tailgating doesn’t reference weekend football pleasantries, but instead the potentially dangerous outcomes of undocumented building entry. There are strategies, though, to protect against undocumented entry.
I recently discovered an interesting new insurance product for the small owner Multi-family market that allows private landlords in the U.S. rent default insurance. It may be hard to understand the excitement behind this new offering, so let me paint a picture:
Our team spent the last month scouring industry sources for the top components to Implementing a Successful Emergency Readiness Plan… and we’ve put it all in a checklist!
Now is the perfect time for commercial real estate owners to assess their respective levels of readiness. Did you go “halfway” on your emergency pre-plans? Have you forwarded all the necessary information to first responders in advance of an emergency? Do you practice regular tabletop exercises? In sum, are you prepared for when the “what if” scenario becomes “what now?”
There is an unavoidable situation for commercial real estate owners and property management firms. The simple world of ensuring day to day operation in properties is gone forever. Companies need to look long and hard at the emerging arena of risk management. Otherwise, their ass(et) can be in serious jeopardy.
Watch a short video from our emergency preparedness experts.
Date: Thursday, June 9th at 12:00pm EST Presenter: Kathleen M. Nickerson, SVP of Robert M. Currey & Associates Prepared Buildings Reducing Your Exposure to Risk & Loss What is your organization’s exposure to risk and loss? How prepared is your building or property team for an unplanned event, accident, or liability incident? Don’t miss this […]