Evidence-Based Building Risk Reviews for Victorian Property Owners and Owners Corporations
Demonstrate, Don’t Assume, Your Building’s Risk Profile
Provide insurers and stakeholders with a defensible view of risk control, grounded in independently audited maintenance, to support governance and insurance renewal discussions.
What is a Building Risk Review?
A Building Risk Review is a risk intelligence report designed to provide property owners, owners corporations, and managers with a clear, evidence‑based understanding of their building’s risk posture. It moves beyond simple compliance checklists to support informed decision‑making around insurance, liability, and ongoing risk governance.
A Building Risk Review brings together:
- Verified ESM Status - An independently audited review of Essential Safety Measures maintenance, consistent with Victorian regulatory and industry requirements.
- OH&S & Occupant Exposure - Identification of physical, operational, and contractor‑related risk factors.
- Insurance-relevant risks - Risk factors commonly considered by underwriters when forming assumptions and assessing insurance exposure.
- Existing mitigants – Documentation of controls already in place to protect the building and its occupants.
- Risk prioritisation – A practical view of what matters most for immediate and longer‑term decision support.
The focus is on clarity and prioritisation, not exhaustive inspection.
Supporting Informed Governance & Insurance Strategy
Property owners, owners corporations, and managers typically consider a Building Risk Review when standard checklists are no longer sufficient for the scrutiny applied during modern insurance renewals and liability oversight.
A Building Risk Review is commonly used to:
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Address insurance scrutiny by providing insurers and brokers with credible evidence of risk oversight, rather than reliance on industry‑average assumptions.
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Support informed decision‑making by helping prioritise maintenance, testing, and remedial actions based on actual risk impact.
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Demonstrate governance diligence aligned with maintenance and risk oversight responsibilities commonly considered by the Owners Corporations Act (Vic).
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Manage professional liability by documenting a structured, proactive approach to building risk management.
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Shift from identification to decision‑making, enabling defensible next steps rather than reactive responses.
A Structured Approach to Risk Management
On-Site Risk Assessment
We inspect key risk exposures, including fire compliance and OH&S considerations, applying a structured, audit‑informed mindset to the physical asset.
Review of Verified Records
We assess independently audited ESM maintenance records and supporting documentation to understand what is proven and where information gaps exist.
Actionable Risk Intelligence
You receive a structured report that clearly outlines existing risks, validates current mitigants, and identifies sensible, prioritised next steps.
Frequently Asked Questions
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How does a Building Risk Review support insurance renewals?
By providing a risk intelligence report grounded in verified information, insurers and brokers are better placed to understand a building’s specific risk controls rather than relying solely on broad market assumptions.
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Is this different from a standard OH&S report?
Yes. While OH&S considerations form part of the review, a Building Risk Review also incorporates independently audited ESM maintenance and insurer‑relevant risk factors to support broader governance and insurance discussions.
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Does this report satisfy Victorian compliance requirements for Owners Corporations?
No. A Building Risk Review does not replace statutory compliance requirements. It is a decision‑support tool designed to complement existing compliance activities by helping property owners and Owners Corporations better understand and document building risk and oversight.
Next Step
If you’re assessing whether a Building Risk Review is appropriate for a particular building, the Building Risk Review Overview provides a concise explanation of the purpose, scope, limitations, and typical outcomes of the review. It’s designed to support internal discussions and help decision-makers determine relevance before committing to any assessment.
For buildings facing more immediate insurance, renewal, or liability questions, you may prefer a short 15-minute risk scoping call. This conversation is used to confirm eligibility, timing, and whether a Building Risk Review is the right next step based on the building’s circumstances.