Risk Management 2023

In March 2023 the Co-operative Housing Federation released information on its 2023 risk management program. The program is operated in conjunction with our insurer, The Co-operators. This is the second year of a three-year program. Old Grace participated in last year’s program. This resulted in a five percent reduction in our insurance costs.

Detailed information on the program can be found here. The following is a summary.

Year One

The board passes a resolution committing itself to taking part in Year One and Two of the program.
The board participates in a two-hour CHF webinar on risk management.
The board undertakes a risk-management self-assessment

We did all the above.

Year Two

The board adopts a resolution to participate in year Three. This resolution will be presented to the Board meeting on April 11, 2023.
The majority of board members participate in a webinar on the development of an annual risk management training template for the co-op or takes an e-learning module. The dates of the webinar and links to registration are at the bottom of this page. You can register for the e-learning course here: (Take Risk Management Phase 2. Please note that you have to first create an account: you do this in the upper right-hand corner of the page)
Board members individually review the CHF’s risk management template. You can download a copy of the template here.
OGHC completes unit checklists for one half of the units with a plan for addressing serious risks that are identified.
The board members review the template for a risk management plan and hold a discussion on developing a risk management plan in 2024.
The board distributes this flyer on risk management to the memberships, holds a membership meeting to discuss risk management, and encourages members to participate in the e-learning course on risk management.

Dates for Risk Management Webinars

Year three

Producing a Risk Management Program for the year.
A commitment to updating the Risk Management Program each year
The board participates in an education session on risk management
The members participate in an education session on risk management.
Completing unit checklists for the second half of the number of units with a plan for addressing serious risks