Senior Action Forum No 2 - Risk Assessment No 1 - Types of Risk

Hiring a village hall involves risks. A forum might usefully undertake a risk assessment for a venue - although in many instances the 'landlord' will have been required to do so and will often provide guidance on relevant matters.

However, this post views the bigger picture and attempts the identification of nine risk groups a management committee might face. Later in this series on risk ideas about policies to address each risk group are discussed.

The eight groups are:

1. Compliance risks;
2. Leadership risks;
3. Corporate status risks;
4. Health and Safety Risks;
5. Fire Safety risks;
6. catering Risks;
7. External events risks;
8. Communications risks: and'
9. Insurance lack risks. 

Generally, provided management's policies are appropriate and robustly adopted, the risks the forum faces will be avoided or at least mitigated. Even so the consequences of a risk event occurring can sometimes be transferred to an insurer. [The last pointer is illustrated briefly in the first post's example on communications management and insurance.]