Last month we discussed risk management for businesses, however we all take on risks in our personal lives as well. Although few people have formalized risk management strategies for their homes, automobiles, valuables, and everyday activities, it’s still smart to think through the things you do in your life and make sure you are mitigating your risk as much as possible. Some common areas to dive into are:
Most people understand that you take a risk every time you get behind the wheel. There are quite a few ways you can lower your risk of getting into an accident while you are driving. An easy risk management strategy that anyone can implement is to put down your phone. We all know distracted driving is dangerous, but so many of us do it anyway. Simply committing to focusing on the road can go a long way in managing your auto risk.
There are many things we can do to help protect our home and mitigate risk. Every time you clean your lint trap in your dryer you are taking a step towards lessening the likelihood of an unfortunate accident. Other common risk management measures include installing a security system, making sure smoke detector batteries are changed or even putting a reminder by the door to make sure the oven and stove are off before you leave. If you live in a wildfire-prone area like so many of us do in California, creating a defensible space around your property is a considerable step towards risk management for your home.
Failing to take care of yourself is an example of poor risk management for your health. Want to manage your health risk? Get exercise, drink water, eat healthily, stop smoking, take your vitamins, and go to your doctor when you’re supposed to. Managing your health and scheduling annual doctor visits reduce your risk of severe health problems. It might not be convenient, but it’s a heck of a lot easier than an extended hospital stay for something awful.
We want you to be able to enjoy your life by partaking in the things you love. Whether that is boating, skiing, hiking, traveling, or ax throwing, there is risk involved. Make sure you are doing your due diligence to enjoy your hobbies as safely as possible. If you are a rock climber, check your equipment and make sure everything is in working order. If you love to go boating, make sure you have enough life jackets for everyone onboard. If you love backpacking trips in the mountains, always tell someone when you leave, where you are going, and when you will be back.
We can’t prevent every disaster in life, and we don’t expect you to put aside activities you love because there are risks associated with them. We just want you to be aware of those risks and do everything you can to keep yourself safe.