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PROPERTY MANAGEMENT
Unit 10: Risk Management and Environmental Issues
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Theory of Risk Management
 Steps in Risk Management
 Identification
 Assessment
 Mitigation
 Risk Avoidance
 Risk Reduction
 Risk Transfer
 Risk Retention
 Evaluate Strategies
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Insurance
 Cost of Insurance
 Research Insurance Providers
 Policy Pricing
 Rating the Property
 Deductibles
 Owner Indemnification
 Renters Insurance
 Pollution Liability Insurance
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Insurance
 Types of Policies
 Umbrella Policy
 Property Insurance
 Inflation Guard
 Loss of Rent Insurance
 Building Insurance
 Earthquake Insurance
 Flood Insurance
 Endorsements
 Boiler and Machinery Insurance
 Builder’s Risk Insurance
 Building Ordinance Insurance
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Insurance
 Types of Policies
 Casualty Insurance
 Liability
 General Liability
 Glass Insurance
 Crime or Fidelity Insurance
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Managing Pollutants and Hazardous
Substances
 Common Pollutants and Hazardous
Substances
 Asbestos
 Asbestos is a Carcinogen
 Asbestos Mitigation
 Formaldehyde
 Where Formaldehyde Is Found?
 Mold
 Lead
 Uses of Lead
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Managing Pollutants and Hazardous
Substances
 Common Pollutants and Hazardous
Substances
 Mercury
 PCBs
 Hazardous Waste
 Medical Waste
 Blood Borne Pathogens Standard
 Household Hazardous Waste
 Sick Building Syndrome
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Managing Pollutants and Hazardous
Substances
 Environmental Legislation
 Environmental Protection Agency
 Federal Laws
 National Environmental Policy Act - 1969
 Clean Air Act - 1970
 Clean Water Act - 1972
 Toxic Substances Control Act - 1976
UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL
ISSUES
 Managing Pollutants and Hazardous
Substances
 Environmental Legislation
 Federal Laws
 Resource Conservation and Recovery Act 1976
 RCRA – Managing Hazardous Waste
 CERCLA - 1980
 Asbestos Hazard Emergency Response Act - 1986
 Pollution Prevention Act - 1990
 Lead-Based Hazard Reduction Act - 1992
 State Environmental Protection Agencies

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Unit 10

  • 1. PROPERTY MANAGEMENT Unit 10: Risk Management and Environmental Issues
  • 2. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Theory of Risk Management  Steps in Risk Management  Identification  Assessment  Mitigation  Risk Avoidance  Risk Reduction  Risk Transfer  Risk Retention  Evaluate Strategies
  • 3. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Insurance  Cost of Insurance  Research Insurance Providers  Policy Pricing  Rating the Property  Deductibles  Owner Indemnification  Renters Insurance  Pollution Liability Insurance
  • 4. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Insurance  Types of Policies  Umbrella Policy  Property Insurance  Inflation Guard  Loss of Rent Insurance  Building Insurance  Earthquake Insurance  Flood Insurance  Endorsements  Boiler and Machinery Insurance  Builder’s Risk Insurance  Building Ordinance Insurance
  • 5. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Insurance  Types of Policies  Casualty Insurance  Liability  General Liability  Glass Insurance  Crime or Fidelity Insurance
  • 6. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Managing Pollutants and Hazardous Substances  Common Pollutants and Hazardous Substances  Asbestos  Asbestos is a Carcinogen  Asbestos Mitigation  Formaldehyde  Where Formaldehyde Is Found?  Mold  Lead  Uses of Lead
  • 7. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Managing Pollutants and Hazardous Substances  Common Pollutants and Hazardous Substances  Mercury  PCBs  Hazardous Waste  Medical Waste  Blood Borne Pathogens Standard  Household Hazardous Waste  Sick Building Syndrome
  • 8. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Managing Pollutants and Hazardous Substances  Environmental Legislation  Environmental Protection Agency  Federal Laws  National Environmental Policy Act - 1969  Clean Air Act - 1970  Clean Water Act - 1972  Toxic Substances Control Act - 1976
  • 9. UNIT 10: RISK MANAGEMENT AND ENVIRONMENTAL ISSUES  Managing Pollutants and Hazardous Substances  Environmental Legislation  Federal Laws  Resource Conservation and Recovery Act 1976  RCRA – Managing Hazardous Waste  CERCLA - 1980  Asbestos Hazard Emergency Response Act - 1986  Pollution Prevention Act - 1990  Lead-Based Hazard Reduction Act - 1992  State Environmental Protection Agencies