When you install Hedge, it creates a custom Risk issue type in your Jira instance, and this issue type is added to all your company-managed projects. Due to Jira limitations, it's not done automatically in team-managed projects.
To create a new (custom) issue type in your team-managed software project:
From your project's sidebar, select Project settings > Issue types.
From the sidebar, choose + Add issue type.
Select Create issue type.
Give your issue type a name (Risk), and description, and choose the icon.
Select Create.
After you create a Risk issue type in your team-managed project - you can create Risks directly from Hedge risk register.
Read more about how to setup issue types in team-managed projects and how to create risk in Hedge