If you’re a non-profit organization wanting to learn more about volunteers, or someone hoping to spend their free time giving back, it’s important to understand the basic principles of risk management for volunteers. No matter which side of the fence you’re on, doing so allows you to focus on the job instead of worrying about what could go wrong.
1. What It Is
Volunteer risk management involves assessing and mitigating the risks that individuals or groups face while volunteering at a non-profit organization. It enables both volunteers and non-profits to avoid physically or professionally damaging situations.
2. How It Works
Most places that specialize in volunteer risk management begin by obtaining a volunteer risk profile. Each profile includes questions about the types of tasks volunteers are asked to perform, as well as the training necessary to perform those tasks. It also assesses environmental risks, such as opportunities for slip and falls or fires, and inquires about emergency response plans.
3. Why It’s Necessary
After a volunteer risk profile has been obtained, involved parties can determine how much and what kind of insurance they need in order to conduct business in a safe manner. Insurance coverage helps protect volunteers and non-profits from the ramifications of accidents which can range from loss of business to loss of life.
Assessing and accounting for risk management is critical for lasting success as a non-profit organization or a routine volunteer. Knowing the facts about risk assessment prevents small accidents from becoming major disasters.