Week 7-13 Risk Treatment and Management

Flashcards covering key concepts related to risk treatment and management in event planning.

Swiss Cheese Model

A model that illustrates how multiple layers of protection reduce the likelihood and impact of adverse events.

Duty of Care

A legal obligation for an individual to use a reasonable amount of care that any other person would use.

Negligence

A failure to exercise the appropriate or ethical care expected under specified circumstances.

Breach of Duty

Occurs when an individual or company fails to meet their duty of care towards another.

Common Law

Law based on court decisions from previous cases.

Statutory Law

Laws written and passed by government bodies (federal, provincial, and municipal).

Special Occasion Permit (SOP)

A permit required in Ontario for events serving or selling alcohol outside licensed venues.

Alcohol Liability

Legal and financial responsibilities surrounding the serving and sale of alcohol at events.

General Liability Insurance

Protects planners from legal and medical costs arising from accidents.

Event Cancellation Insurance

Insurance that protects planners and clients from financial losses due to uncontrollable event cancellations.

Crisis Management

The process of preparing for, reacting to, and recovering from unexpected negative events.

Event Response Plan (ERP)

A document outlining a guide for actions and communications during an emergency.

Waiver

A legal document acknowledging specific risks, protecting the organizer from liability.

Indemnification Clause

An agreement to reimburse another party for specific losses or damages.