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 that the provider employs
- Fidelity insurance, including against losses that a client of the provider suffers and that arise from dishonesty of condominium managers that the provider employs or of other employees, directors, and officers of the provider
A licensed condominium management provider may be required to provide the Registrar with any information about the company’s insurance details.
Read the Complaints, Insurance and other Requirements Regulation
