While much of risk management for condominium associations boils down to common sense – ensure exterior surfaces and vegetation are well-maintained, utilize guidelines pertaining to the usage of grills or fire pits, and utilize procedures to ensure association funds aren’t easily stolen – there are other considerations that may not always jump out to board association members. Central Mutual gives you a few suggestions that condo association boards should consider as part of their overall risk management strategy to reduce their financial exposure. Check them out here.
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