Insurance and risk

Abstract

Organisations should always consider the risks that arise from operating and interacting with others.
Risks might involve clients, employees, the public and members.

Your organisation may need to develop a risk-management strategy, which could include insurance as well as practical steps that can reduce risks.
It is important to include risk assessment as a standing agenda in a community organisation, and whenever new relationships or activities are undertaken, make sure new risks are considered. Sometimes new insurance will need to be purchased or extended, or there may be other steps your organisation can take to alert people of risks and reduce the likelihood of a risk eventuating.

Not-for-profit Law’s Risk Management and Insurance Guide can help your organisation identify and address risks. There are other types of risks to consider covered in this topic like OHS, negligence, PPSR and risks involving employees.

Also, see their COVID-specific webpage where we have answered questions about insurance coverage during the pandemic.