Risk Management Manuals are used by many types of organizations. Schools, colleges and
universities need them because they are liable for the lives of the students enrolled in
their institutions. A company also needs a Risk Management Manual because the organization
needs to inform members about what risks they face in their occupation and how they should
act when those risks crop up.
The first part of a Risk Management Manual should be devoted to a clear definition of Risk
Management per se, the policy/ies of the organization when it comes to its Risk Management
program, and how other functions of the organization can be related to or associated with
the Risk Management function itself.
The next part of the Manual should talk about the procedures that a Risk Management program
entails. This may include procedures when it comes to employee air travel activities;
employee vehicle rental activities; employee personal property; employee personal vehicle
use; and insurance requirements of contractors hired.
The Manual will then devote the next section to the various types of insurance policies
that employees and management may be entitled to as part of their work for the organization.
These may be: employment practices liability; fiduciary liability; professional liability;
directors and officers liability; transit insurance; crime insurance; auto insurance;
workers compensation; liability insurance; and property insurance.
If you are the one making the Manual, you might want to insert some information at this
point about Certificates of Insurance – specifically, the definition of Certificates of
Insurance; their uses; and the options available to those availing of these.
Bonds and claims are also a good topic to discuss, particularly kinds of bonds that should
be availed of, and procedure for processing claims. Most importantly, you should indicate
clearly who should be notified when threats do happen.