One of the main concerns of consortium members is what happens when the administrator makes a mistake in his performance.
To be clear: The administrator is jointly and severally liable for all of his assetswhether these are cars, houses, bank accounts.
But faced with the insolvency of the administrator, not everyone knows that it is the consortium who must respond for the compensation claimed by a third party.
Of course, there are guarantees that put an end to the insolvency of the administration, thus reducing the risks and costs for the consortiums.
For this reason, it is essential to have professional civil liability insurance, which guarantees the consortium the payment as compensation in the event of an error by the administrator.
This is a guarantee for the administrator, who, when making a mistake in his activity, is supported by this insurance in order not to expose his personal assets.
On the other hand, it must be said that taking out insurance seems to be expensive. However, much more expensive is paying the equivalent of a life.
Of course, the value of a human life cannot be valued in money, but it should be noted that Court rulings are currently determining between 50 and 60 million pesos in compensation for each life.
All the more reason is to have a serious criteria when carrying out a risky job, such as work at height and with chairs.
Finally, not everyone knows that when hiring monotributistas, at most the coverage offered by personal accident insurance can be granted, which will respond up to the contracted insured amount.
Therefore, the best option to be covered is to hire a company that has at its blank employees, with ART coverage, and request a certificate of coverage with payroll and a clause of non-repetition in favor of the consortium.
Undoubtedly, in times when trying to minimize costs within a consortium, it must be clear that, ultimately, insurance is more associated with the concept of investment than expense Insurance is a preventive action and an economic guarantee against unexpected events.
Lawyer UBA, specialist in Horizontal Property. Teacher of Civil Liability, Consumer Defense and Occupational Hazards (CPACF Registration Volume 127 Folio 229).