Lesson 12, Section 4
12.4 Risk Management
FRP or host agency regularly reviews risks and works to establish a risk management plan.
Benchmark Quality Indicators
- FRP or host agency board and staff regularly discuss relevant risks and identify ways to mitigate relevant risks.
Innovation and Promising Practices
- FRP or host agency develops a risk management plan including evaluation and analysis of risk, implementation of actions to reduce risk, and reporting on risk reduction activities.
- FRP or host agency reviews their insurance annually, including property coverage, liability coverage, and other coverage as appropriate.
- FRP or host agency maintains written procedures regarding investment of its resources and funds.