About risk management

Risk management is the course of action you take to reduce potential legal liability. It seeks to address potential problems before they occur.

Risk management aims to be pro-active rather than reactive - creating a safer environment and legally safer operational procedures.

A common mistake clubs make is to view risk management as a program in isolation. It is really an ongoing process that should be applied to all your club’s policies and procedures.

Benefits of risk management

Potential benefits and opportunities for implementing effective risk management procedures are:

• better sporting or recreational outcomes
• improved safety for participants, officials, spectators and volunteers
• lower costs and increased budget certainty
• more effective management of assets, events, programs and activities
• improved compliance with the law, regulations and other formal requirements
• enhanced image and reputation.

Risks facing sport and recreation organisations

The inherent nature of sport and recreation means that risk areas are broad. Some general risks that could apply to your sports club include:

• unsafe equipment and facilities
• no emergency medical plan
• inadequate or inappropriate insurance
• the club is not incorporated
• the club does not require participants to sign a waiver or release form prior to participating.

 

 

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