Which items typically are funded by risk management within a school activities department budget?

• A. Only insurance premiums.
• B. Funds for insurance, waivers, safety training, incident response, and contingency planning.
• C. Marketing and fundraising activities.
• D. Equipment purchases for new facilities.

Answer: (B)

Risk management in a school activities department focuses on protecting participants and reducing liability by planning for uncertainties. The funding in this area typically covers insurance premiums to transfer risk, waivers to document consent and limits of liability, safety training to prevent incidents, incident response to handle injuries or emergencies, and contingency planning for unexpected events like weather or facility issues. Marketing and fundraising are about promoting and funding programs, not primarily about managing risk. Equipment purchases for new facilities usually fall under facilities or program budgets, not risk management. So, the bundle of insurance, waivers, safety training, incident response, and contingency planning best fits what risk management funds.