Risk Management for Student Organizations

What is risk management?

Risk management is the process of identifying potential risks and/or harms and creating a plan to prevent the risk from happening or reducing the risk as much as possible. There are different types of risk to consider in risk management including, but not limited to physical, emotional, reputational, and financial.

Why is risk management important?

The safety of your members and participants is of utmost importance. Planning to manage the risk helps to keep all those involved with your events and/or organization safe. If people feel safe, they are more willing to come back and continue to participate with your organization. It also can help ensure everyone can participate. As a student at Michigan Tech, you are expected to follow the Student Code of Conduct, Board of Trustees Policy, Student Leadership and Involvements Policies and Procedures, as well as local, state, and federal laws.

What is the goal of risk management?

The goal of risk management is to keep everyone safe and to have fun! When you have a solid plan for your event, including risk prevention, you and your participants can have some peace of mind and enjoy the event.

How do you manage risk?

Risk Management Plans

Liability Waivers

For events with risk, your organization may be advised to require participants to sign liability waivers before participating. Samples of liability waivers:

Sample Group Waiver

Sample Individual Waiver