Martial Arts School Owner Risk Management
Risk Management are words that create an understanding of preventing an incident and really it is just about that, preventing problems by identifying issues and correcting them. The duty of care is within your risk management policy and is not just restricted to the instructor everyone associated with the school should be aware of their duty to help injured people. If instructors follow the club rules such as directing students to have plenty of water during hot weather, to ask students to always warm up thoroughly and cool down prior appropriately according to the club rules. It is also important for instructors to recognise when students are having difficulty keeping up or getting tired to monitor and guide them to not over strain themselves and take regular breaks with intense training.
Risk Management is defined under the Australian Standard AS4360 where any organization has an obligation to identify and assess foreseeable hazards, and take steps to eliminate or control the risk. It is the process if identifying the risk, assessing the risk then elimination or controlling the risk. Once the risks have been eliminated or controlled, then a monitoring process is established to evaluate and improve the implemented risk controls.
What is Risk?
Who is responsible for Risk Management?
What is Risk Control?
To ensure protection, you have various duties both before you enter into a new insurance contract as well as at renewal or whenever your risk changes. Failure to observe these duties could lead to the rejection or diminution of an otherwise proper claim.
The Duty Of Disclosure
Before you enter into a contract of general insurance with an insurer, you have a duty under the Insurance Contracts Act 1984 to disclose to the insurer every matter that you know or could reasonably be expected to know, is relevant to the insurer’s decision whether to accept the risk of the insurance and, if so, on what terms.