Risk management

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Revision as of 12:56, 23 October 2005 by Bill Taylor (Talk | contribs) (insurance)

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Risk Management is a practice the Executive Committee members and all other staff should be engaing in at all times. It can be an explicit table top excercise with many committee members, or it can be a mental excercise by a single person plannning some aspect of the convention. It compares the actual activities the convention is engaged in or plans to do with the goals of the convention, and examines how those activities will be carried out. It then looks for the ways the activity can go wrong (threat), and rates the probability and severity of consequences of those events (risk assessment). Last, it comes up with methods to minimize the risks, and the probability of an undesirable outcome for the convention and its members.

One very practical risk handling activity the Executive Committee / Concom can do is to buy event liability insurance. This will provide some protection in case some damage occurs to the people or property at one of your venues (hotel, convention center, etc.). It is very likely the venues will require your group to have some insurance before you can set up.