Outdoor amenities in rental and multi-family properties, such as swimming pools, patios, and playgrounds, are popular features that can attract tenants. However, these amenities also pose potential risks for property owners.
AssuredPartners works with property owners and managers to help them balance offering attractive outdoor features while minimizing risk. They highlight the importance of understanding the stakes involved and taking steps to protect the property, tenants, and financial interests.
Swimming pools are particularly desirable but also dangerous. According to the CDC, drowning is a leading cause of unintentional injury death for children aged 1–4. This statistic presents not only a tragic reality but also a legal and financial risk for property owners.
Other outdoor features can be equally risky if not properly maintained. Cracked sidewalks or poorly lit paths may lead to trip-and-fall claims, which are common liability issues in rental properties. Regular inspections and maintenance can help prevent these incidents.
Outdoor cooking areas present fire risks if grills are improperly maintained or lack clear usage rules. Insurance policies should account for these risks when tenants bring their own equipment.
Playgrounds attract families but also increase liability concerns. Equipment must meet ASTM safety standards, and surfaces should be impact-absorbing. Regular inspections and appropriate signage indicating age-appropriate use are crucial.
AssuredPartners advises building a risk management strategy by understanding exposures and ensuring insurance policies reflect the property's reality. They recommend smart property management practices alongside insurance coverage.
By investing in safety measures and partnering with professionals like AssuredPartners, property owners can enhance their property's appeal while creating a safer community environment.