Who takes on the risk in a body corporate? | LookUpStrata

Frank Higginson joins Nikki Jovicic from LookUpStrata for this webinar on managing risk in a body corporate context, and where the risk often lies.

In this practical 1-hour presentation, Frank discusses:

• Risk management tools in a body corporate
• The role of insurance in managing risk
• Real scenarios highlighting where risk often lands

Watch the webinar recording below. You can explore more webinars from LookUpStrata on their website here.

Using practical, real-world examples, Frank explains how risk arises in everyday body corporate operations, how it is transferred between parties, and what happens when the body corporate is left carrying the burden.

In this webinar, you’ll discover:

• How risk arises in everyday body corporate decisions
• How risk is allocated and transferred between parties
• Common situations where the body corporate carries unintended risk
• Real-life examples of risk exposure and outcomes
• Practical ways to identify, assess and manage risk more effectively

Timestamps

00:00 Introduction
01:37 Frank Higginson’s presentation starts: Who is carrying the ball of risk?
04:33 Scope of discussion
05:37 Who is carrying the ball of risk?
06:59 Unknown unknowns
09:39 Risk management tools
13:08 Insurance
18:12 Storytime
38:57 Consequences
40:57 What this means for you?
45:58 Question 1
47:23 Question 2

Find out more

• Don’t get left holding the big ball of risk
• Blame game is an expensive risk for all players
• Is insurance compulsory for strata schemes?
• LookUpStrata