Why You Need Vendor Screening
Through long-standing partnerships with property managers, insurers, realtors, and homeowners across Ontario, we understand the critical importance of vendor verification. Overlooking compliance can have costly repercussions. If an uninsured or underinsured vendor causes damage, the condominium corporation or general contractor may be forced to file a claim under its own policy, driving premiums upward and incurring deductible costs. In extreme cases, management firms or the general contractor risk losing clients, damaging their reputation, or facing litigation for breach of contract.
Mitigate these risks and safeguard your firm’s reputation by ensuring that only vendors meeting your standards work on your properties. Our Risk Management Division monitors insurance policies and WSIB coverage on a rolling 12-month cycle, designs customized risk mitigation programs for your vendor portfolio, and conducts comprehensive compliance audits. Most of this verification is performed directly by our expert staff, reducing the administrative burden on your team and protecting your company from liability. We also maintain an actively curated network of qualified vendors, so that whenever you require specialized trades, you have immediate access to partners who meet or exceed your exacting requirements.
