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