| A | B |
|---|
| Risk | the possibility of a financial loss or failure. Individuals or companies are willing to take a risk because of the opportunity for success or financial gain. |
| Risk management | is the management, control, and prevention of exposure to internal or external risks. |
| Natural risk | the risk associated with the possibility of a loss due to natural causes. |
| Risk prevention | involves dealing with risks before they occur |
| Examples of security badges | wristbands, photo ID cards, Magnetic strip cards, smart cards, bar code cards, proximity cards |
| Photo-identification cards | plastic cards or badges bearing a photograph, name, and other identifying information about a person. |
| Bar code cards | plastic cards with a number of vertical lines set in a pattern, containing identifying security information. |
| Proximity cards | are plastic cards with a magnetic strip containing encoded data that is read by passing the cards within a certain distance of a computerized electronic card reader. |
| Comprehensive general liability | insurance is a package policy that includes fire, theft and injury. |
| General liability insurance | insurance provides broad coverage against claims of negligence or inappropriate action resulting in bodily harm or damage to personal property. |
| Board of Directors liability insurance | protects volunteer board members from personal liability. For example, if an event goes bankrupt, the event managers or the board cannot be held personally liable or be directly sued. |
| Prize Indemnity | provides coverage when a participant wins a promotional contest. Contest examples are Hole-in-One Golf Tournaments and Field Goal Kicks for cash or prizes. |
| Permanent Disability Insurance | provides coverage for an athlete or entertainer in the event that they suffer an injury or illness that permanently keeps them from working. |
| Non-Appearance or “No-Show” | provides coverage if an athlete or entertainer fails to appear at an event due to accident or illness. |
| Economic risk | is the risk associated with the possibility of a loss due to a change in the economy |
| Human risk | risk associated with the possibility of a loss due to human factors |
| Risk transfer | is passing the risk; for example, insurance |
| Safety | providing the proper precautions to protect against harm, failure, breakage, or accident |
| Security | any measure taken to guard against crime or attack |
| Inclement weather insurance | provides coverage for the cancellation of an event due to inclement weather |
