1. WHAT IS RISK MANAGEMENT? Risk management attempts to identify and manage threats that could be the downfall of an organization.

2. What areas can be protected within an organization? Policies – employee manuals and handbooks Procedures – accident, hazardous material Operations – activities that have to happen for the running of a business Note: Organizations should do an assessment twice a year to make sure they are covered

3. Ways to project organization Good Management Personnel policies Insurance (insurance broker) Note: Legal protection is some times needed to protect a company

4. Ways to Examine Risk Identify assets that may be at risk Determine what could go wrong with each asset

5. Determine how you will treat the risk You may handle the risk through: A. Avoidance - just say no. Don’t take children on field trips to lakes, rivers, or purchase a property with an adverse environmental history, for example. B. Reduction – Accidents happen, so limit their damage. You may provide employees with safety glasses to reduce the chance of an eye injury or install sprinklers to extinguish fires in buildings.

6. Determine how you will treat the risk (continued) C. Retention – Determine if your organization can afford to pay for the adverse event, for example, not purchasing collision coverage on vehicles worth less than $5,000 D. Transfer – Purchase insurance or transfer the risk by requiring organizations that you work with provide certificates of insurance or contractual language, which limit your organization’s liability

7. Create a plan that makes sense for your organization A one-size plan does not fit all organizations A non – profit’s plan will differ greatly from how a for-profit corporation or a large governmental. Address each risk exposure – a building, a partner’s life, a supply chain -- separately

8. Implement the Plan If you take the time to develop a plan, implement it! This may include purchasing insurance, tightening safety rules, changing deductibles, or purchasing new equipment. It may also mean changes to your employment force such as more training or terminating a volatile employee

9. Monitor the Results In today’s rapidly changing world, new threats appear and losses occur that could have been avoided with better planning and greater foresight Your plan, like the world, should be fluid and proactive

10. What are some areas schools can look at to protect students, teachers, and other personnel? Policies – student handbook, teacher handbook, dress code, CRCT Testing rules School policies are called rules Rules – to direct or have influence over; govern Policy – a plan for actively doing something

11. What are some areas schools can look at (continued) Procedures – emergency evaluations, lock down, fire drills, tornado drills, bus evacuation Procedures – a particular course of action Operation – breakfast, lunch, office personnel, registration, counseling Operation – a particular process