Legal Liability and Risk Management
Risk Management and Liability
Risk management is 'the formal process by which an organization establishes its risk management
goals and objectives, identifies and analyzes its risks, and selects and implements measures to
address its risks in an organized fashion' (Young and Tomski, 2002). Today's risk management
process encompasses more than just insurance, work safety and health and legal liability
management. It also includes an ongoing and complex process of evaluating and minimizing
inherent, enduring organizational risks. To avoid health and legal liability, risk management
procedures need to be considered before starting any service-learning experience.
Risk management is an ongoing process that requires responsiveness to evolving governmental
and workplace laws and regulations. You may be concerned about how the risk management
process affects community partners and employees in terms of perceptions of personal risk. You
may also be wondering how to manage risks without stereotyping the communities and
unnecessarily frightening employees or perpetuating negative or false images of these
communities. If all participants are adequately informed and oriented, the risk management process
will only serve to strengthen community-business partnerships by furthering mutual trust and
understanding.
Business Insurance
If any of your employees commit a dishonest or fraudulent act that results in a financial loss to your
business, some policies will cover this type of loss.
Risk management is 'the formal process by which an organization establishes its risk management
goals and objectives, identifies and analyzes its risks, and selects and implements measures to
address its risks in an organized fashion' (Young and Tomski, 2002). Today's risk management
process encompasses more than just insurance, work safety and health and legal liability
management. It also includes an ongoing and complex process of evaluating and minimizing
inherent, enduring organizational risks. To avoid health and legal liability, risk management
procedures need to be considered before starting any service-learning experience.
Risk management is an ongoing process that requires responsiveness to evolving governmental
and workplace laws and regulations. You may be concerned about how the risk management
process affects community partners and employees in terms of perceptions of personal risk. You
may also be wondering how to manage risks without stereotyping the communities and
unnecessarily frightening employees or perpetuating negative or false images of these
communities. If all participants are adequately informed and oriented, the risk management process
will only serve to strengthen community-business partnerships by furthering mutual trust and
understanding.
Business Insurance
If any of your employees commit a dishonest or fraudulent act that results in a financial loss to your
business, some policies will cover this type of loss.
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| Law Offices of Christopher J. Shellito, Esq., LLC 5510 Pearl Road, Suite 300 Parma, Ohio 44129 (440) 885-LAWS (5297) (440) 885-5318 Facsimile E-Mail: chris@shellitolaw.com |