Risk Management Program
CHF Canada’s Risk Management Program is designed to provide you and your co-op with the information and tools you need to keep your co-op safe and sound.
Following the simple steps of the program will guide your co-op to sound management practices and will help reduce the cost of insurance.
What is Risk Management?
Risk management is a way to find and deal with risks that could harm your co-op. It helps stop big, costly problems before they happen.
By managing risks well, your co-op can lower the chance of something going wrong and reduce the damage if it does.
Risk management is a team effort. It involves everyone in your co-op – your staff or manager, the Board of Directors, and all members.
Together, you can spot risks early and work to make them smaller.
Risk Management Program: Easy Steps to Get Started
Housing co-operatives can opt easily and quickly, simply:
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Commit to the Program
Have your Co-op Board of Directors make a formal decision (resolution) to join the Risk Management Program. Click here for the resolution template.
Complete the Self-Assessment
Use the CHF Canada Risk Management Self-Assessment to identify activities you are currently doing to keep your co-op safe and sound. Click here for the board of directors risk management self-assessment. This survey will take 30 minutes to complete.
Stay in the Risk Management Program each year with 3 easy steps:
1. Learn how to keep your co-op safe and sound
Your co-op takes a yearly CHF Canada Risk Management education session to understand the importance of risk management in keeping your co-op safe and sound.
Sign up for a self-paced online course on: Risk management: What does it mean, and why is it important? This course takes 30-45 minutes to complete.
2. Plan your Unit Inspections
Unit inspections are an important tool to help identify any potential risks that could result in damage and expensive claims. We know that inspecting units takes time and effort. That’s why we’re asking for a third of unit inspections be done every year
Use the CHF Canada checklist to inspect all units. Click here for the unit inspection checklist. (One unit inspection is expected to take 3-5 minutes.)
If your co-op does its own unit inspections with your own checklists, you do not need to do our risk management checklists as well as your own. We don’t want you to be duplicating work.
3. Create your Annual Risk Management Plan
Use your completed unit inspections and what you’ve learned to create a Risk Management Plan using our step-by-step online tool.
Review and update the plan annually if needed after your unit inspections are completed.
Click here for the Risk Management Plan template. (The Risk Management Plan takes 25 minutes to complete.) CHF Canada will do some spot-checks to validate and support participation in the program.
Support to Help You Get Started:
Find helpful templates and questionnaires to guide you to make your co-op safe and sound.
- Download this flyer to distribute to all of your co-op members
- Download and print this poster to put up on your bulletin board.
Help is at hand!
We know this is new and we’re here to help every step of the way. Owen Carnahan, our Co-ordinator, Insurance and Risk Management, is dedicated to the Risk Management Program and supporting co-ops as they go through the process.
If you have any questions at all, please feel free to email or call:
Owen Carnahan
ocarnahan@chfcanada.coop | 613-230-2201, ext. 236