Risk Management

What is Risk Management?

Put simply risk management is about looking at the risks or hazards that can arise in your development and then putting in place sensible measures to control and prevent them.

Risk management covers all the processes involved in identifying, assessing and judging risks, assigning ownership, taking actions to mitigate or anticipate them, and monitoring and reviewing progress. 

Good risk management helps reduce hazard and builds confidence to innovate and improve.  It will also help prevent any claims against the residential management company and its directors for loss, damage or injury and will enable your site to reach its’ full potential in terms of its’ saleability and market value.

There are all types of hazards and health and safety issues associated with blocks of flats, all of which are a subject in their own right and include the following:

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The importance of risk management

However well run your block and however conscientious your RMC, RTMCo or property manager may be, bad things sometimes happen. ... more »

How would failure to maintain your block affect your flats insurance?

Belinda Thorpe, Managing Director of Residentsline advises: There is a covenant within a lease or TP1 stating that the freeholder,... more »

The Insurance Threats from Technology and Buildings

This month Paul Robertson from 1st Sure explores technology and buildings, explains some of its implications in respect of insurance... more »

What is it and why bother with Risk Management?

Put simply risk management is about looking at the risks or hazards that can arise in your development and then putting in place sensible... more »

Risk Assessments - what to look out for?

Security Criminals usually look for the easiest way into premises. With this in mind the general aim should be to provide all doors... more »


In simple terms, a macerator is a pump that drives water and liquid waste from one part of a property to another.   How a Macerator... more »

Winter is coming are you properly insured?

Martin Barsley MRICS MBIFM AaPS of Earl Kendrick Insurance Services advises us on Reinstatement Cost Assessments Winter is coming,... more »

How to avoid internal water damage

Flooding as the result of a prolonged period of heavy rain is something that homeowners can’t prevent – they can only make... more »

What to do in the event of a Major Incident

Have you ever attended a major incident at a block you manage? Paul Robertson provides some important advice to think about before... more »

Make sure everything is covered

No – this is not about avoiding peeping toms, it is making sure that your home, your most valuable asset, is properly protected... more »

How to minimise the risk from weather related damage to your flat

Britain's flood warnings are abating, but as we enter the winter months the new threat is cold weather. Sainsbury's home insurance... more »

Keep your flat leak-proof

Flooding due to heavy rain is something that homeowners can’t prevent – they can only make sure they are prepared for the... more »

Reduce the risk of water damage

Effective Risk Management is the key to reducing insurance claims and also to maintaining or even reducing your insurance premium.... more »

Protect your property against damage from frozen pipes

A frozen pipe is an emergency, because this will cause it to burst causing thawed water to come pouring from the break. The following... more »

Could you bring your insurance premiums down?

Leaksafe specialises in designing and retrofitting leak detection and leak prevention equipment in blocks of flats with a poor history... more »

Rebuilding costs  what do they really mean?

Many insurance products for flats and apartments in the UK have evolved over the last twenty years, originally designed by insurers... more »

Be cautious when reducing your sums insured

The economic recession has led to significant reductions in the market values of buildings. The has led to some property owners questioning... more »

What is the difference between Index Linking and Day One

There are two main methods used by Insurers to protect policyholders from the effect of inflation during the period of cover –... more »

Why does it cost more to rebuild your home in London?

Do you live in London? If so, Hannah Bailey from BCH looks at five factors that could impact the building reinstatement costs of your... more »

The risk to flats from flood water

From flooding to burst pipes and from faulty Christmas tree lights to forgotten candles, the winter can be fraught with danger for... more »

Getting your sum insured right is important - what if disaster strikes?

Getting the sum insured right is essential for Residents’ Management Companies (RMC) What will the winter of 2009/10 bring?... more »

What is the difference between Sum Insured and Declared Value?

Your Policy schedule will often show two values one referred to as the Declared Value and the other as the Sum Insured. The... more »

It will never happen to me

In excess of 77% of all the cases Barrett Corp and Harrington (BCH) handle, involving billions of pounds worth of property, are found... more »

Would you know what to expect if your block suffered a major loss?

Here’s what happened when Midway staged a simulated fire at one of the blocks they insure Would you know what was likely to... more »

Protect yourself against the cost of squatters

it is estimated that there could be as many as 20,000 squatters in the UK and is more prevalent in domestic properties. It is imperative... more »

Has your block got subsidence?

Could subsidence be a problem for your block? Richard Ayton-Robinson explains what to look out for and how to lower your risk Insurers... more »

Do we need Contract works cover when building work is completed?

Yes JCT 2005 may affect you When a Residents’ Management Company (RMC) engages a contractor to work on its premises there will... more »