Members of our group insurance program
have exclusive access to
HSC’s risk management services and advice
HSC Insurance & Risk Management is focused on protecting the financial well-being of housing providers and residents from risk events.
We manage one of the largest group insurance programs in North America, delivering competitive premiums and guaranteed coverage that is tailored specifically to the needs of the housing sector. Our program also provides support to social housing providers with education on risk management and liability and loss prevention. We’ve also worked to create North America’s first tenant insurance program exclusively for social housing residents.
Core coverages specifically designed for social housing provider needs, including mould
Guaranteed coverage for all participants, regardless of their claims history
Stringent procurement processes to obtain the optimum combination of coverage, flexibility and premium pricing
Premium allocations that account for individual claims histories but remain as affordable as possible
As a non-profit organization whose board is comprised of Service Manager and provider representatives from across Ontario, HSC’s primary objective is to protect the interests of the housing sector. As such, unlike private insurance brokers, HSC is focused on the broader picture.
Since 2003 we have saved housing providers more than $4.5 million in investigation and legal defense costs.
Thanks to a combination of low claims and HSC negotiations, basic property premium rates reduced overall by nearly 30% from 2003 to 2008.
HSC has negotiated commissions that are approximately 50% lower than those available to individual clients.
The HSC Group Insurance Program guarantees housing providers that their insurance intermediaries, insurers and supporting service providers were selected using stringent public procurement processes with no direct administrative costs to them.
The size and scale of HSC’s group insurance program enables us identify and bring to the Province’s attention broad risk management issues and trends and to offer recommendations on behalf of the group.
HSC is legislated by the Province of Ontario to design and manage a group program for social housing landlords. These landlords need insurance to keep or obtain their mortgages. Some, due to poor or large claims histories, cannot obtain insurance on their own. The HSC group program guarantees coverage to all housing providers.
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