Agreement reference:Risk Management and Insurance Services Agreement • January 27th, 2015
Contract Type FiledJanuary 27th, 2015All schools should actively engage in risk management which allows you to identify the business risks to which you are exposed and allows you to put in place specific controls to ensure you are protected as much as you can be should the risk occur. Part of considering risks is to decide whether you wish to treat, transfer, tolerate or terminate the risk. Insurance allows you to transfer some of the risk but it cannot remove the possibility of accidents or losses occurring.