Risk management is being aware of what may happen in your business and taking steps to limit the chances of it occurring, or deciding that you accept that something may occur and that you are prepared for the consequences.
It is important for clubs to undertake a structured approach to risk management so they can demonstrate to insurers and others that you have a transparent process which shows how they reached a decision whether to accept, or not accept, certain risks.
It also gives clubs a systematic approach to identify and manage key risk exposures so that theycan direct resources towards the area where they will be most effective.
Risk management is not just about dealing with potential lawsuits, it is about looking after your members, and others involved in your club, by reducing their exposure to possible injury and loss.
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