Ex. of skier who hit a ski tower in race sponsored by Miller Beer. Court said mere sponsorship, absent of control, does not render the sponsor of an event legally responsible. In this case Miller was merely advertised as sponsor and did not do any of planning. Case of school were students put on road race. School was sponsor but not responsible for control of race.
Most cities now have programs - and hire risk manager.
If private company, should check with legal counsel. A part of management to implement certain policies and procedures determined to be helpful in protecting the fiscal stability of an organization against the consequences of foreseeable mishaps. Objective is to reduce uncertainty of loss. Risks in contractual agreements. Want to insure equitable handling of foreseeable liabilities.