SPORT4ONTARIO would like to thank Volunteer Alberta for the information contained in this section.

1. Identifying: What are the risks?

Risk is “measured by its likelihood and consequences”

Fundamental Questions

• What assets and resources do you rely on to achieve your objectives?
• What risks can affect those assets and resources?
• What affects or consequences can those risks create?
• How will consequences affect what we do?
• How much will those consequences cost – time, energy, money?
• How will this affect our ability to continue?
• How do we manage to prevent or avoid the affects?

2. Assessing: How much will it cost?

Risk Assessment (What do you need to know)?

To assess potential risks, consider:

1. Likelihood: the probability and frequency.
2. Consequences: what are they - loss, injury, disadvantage or gain?
3. What will they cost?
4. Determine how you pay for them.
5. The adequacy of existing risk management strategies – are they working?
6. Decide which risks are to be treated and how

What It Considers

PEOPLE

• The talent, commitment and community
• Staff, volunteers, clients, board members, donors
• Injuries never fully repaired, often expensive
• Nonprofits help people, not hurt them

PROPERTY

• Owned, leased, rented, borrowed, loaned if damaged who is responsible?
• Kept in one place – office equipment, buildings
• In various places or travels from place to place
• To transport people or property – vehicles

PROPERTY (Specialized)

• Computers and data – cannot afford to lose
• Must have physical protection
• Do not rely on insurance
• Cash, Securities, Financial Assets
• Must have specific handling procedures

LIABILITY

• Arising from activities, operations, programs
• Supervision of staff and volunteers
• Transportation of people and property
• Decisions made by directors and officers
• Occupancy of non-owned buildings or facilities
• Use of non-owned vehicles
• Injuries to staff, volunteers, participants
• Special events for fundraising

INCOME

• Loss of funding
• Event proceeds inadequate
• Contract cancelled
• Disasters such as fire or flood

REPUTATION

• NO INSURANCE AVAILABLE
• Key to fundraising, volunteer recruitment, staff retention
• Difficult to quantify, critical to maintain
• Occurs in wake of a crisis

Other Risk Management Topics:

Home: Risk Management

1. Risk Management Introduction

2. Why Risk Management

4. Practical Strategies

5. Communication

6. Monitoring

7. Resources