Avoid Insurance Coverage Disputes with Incident Reporting Procedure
Suppose a resident’s unit is burglarized or a site visitor falls when a stairway handrail becomes loose or something happens at your site which causes property loss or bodily injury. Are you certain your employees let you know about certain incidents like these as soon as they happen? If they don’t, you risk insurance coverage problems.
Most insurance policies require owners to notify their insurance companies as soon as possible after there’s any incident that could lead to a claim. If your notice comes too late, the insurance company can refuse to cover you.