Every licensed condominium management provider business, regardless of size, must maintain the following insurance coverage:
- Errors and Omissions insurance that includes coverage for every condominium manager employed by the provider business
- Fidelity insurance, including against losses that a client of the provider suffers and that arise from dishonesty of condominium managers employed by the provider business or of other employees, directors, and officers of the provider
A licensed condominium management provider will be required to provide the registrar with information about the company’s insurance details.
Read the Complaints, Insurance and other Requirements Regulation