4020.1 Shasta Liberty BP Risk Management Policy

4020.1 Shasta Liberty BP Risk Management Policy

Board Policy 4020.1 establishes a systematic framework to identify, evaluate, control, and monitor operational, financial, legal, strategic, reputational, and health and safety risks. It outlines key risk management processes—including risk identification, severity-based evaluation, mitigation strategies (avoidance, reduction, transfer through insurance, or acceptance), continuous monitoring, and staff training. Additionally, the policy defines roles for the Board of Directors, school leadership, and staff, mandates annual risk assessments, requires maintaining comprehensive insurance coverage, and directs the development of emergency response plans to manage crisis situations.