You may think that a residential unit manager may have the best it even the job but what you don’t understand is the any risks that comes with their job. As a Unit manager your typically in charge of everything that goes on with the unit that you manage amd if anything goes wrong then it’s basically on you. Let’s say someone’s washer goes out or both the dryer and washer, then technically the manager is basically in charge of someone fixing it because another duty of their job Intel’s that their responsibility for keeping everything up and running in the residential home that they manage. So throughout this blog we’re going to be getting further into this topic to help you understand a little more.
The Risk of Being A Unit Manager
The overall importance risk that many managers of residential units is the actual cover that is highly required and recommended for Professional Indemnity insurance as well as Public liability. There’s been an increased amount of times for time s of claims to have tooken place against them for things, such as, property damages and bodily injury incidents consisting of balcony railing collapse, slip and falls and even failure to ensure and maintain equipment so that many injuries do not take place since they are common in causing many injuries and damages.
The reason managers have to ensure that they are fully covered is because there is a possibility that some claims can potentially fall in an area of grey within these two different covers which generally can leave the Resident Unit Manager is then caught in between each insurer which tends to cause a bigger issue that not needed because they’ll argue over which cover can do the job the best.
You may be wondering why all if these issues lie on the manager to fix rather the person living in that specific unit being able to fix it theirselves, but look at it in a way where a tenant rents you an apartment or even a town home if something happens to any appliance or even a door then the repairs can be an issue that you’ll have to fix yourself but since your renting the place that will never be the case which is why a Resident Unit Manager insurance is necessary. They have to get all these things done for you and for them to avoid being sued it’s much easier for them to be fully insured just in case things do get out of hand with a resident.
So Is This Really Necessary
Think if it this way, if a person is having issues within the unit they live in and if the manager does nothing about it at all then they have the right to talk to their lawyer and take it to court and a huge case is then started. Things like this can be avoided which is why regardless of whatever the situation is, a manager having insurance saves them fully and helps to make stuff like this easier and avoids these type of situations.