Often overlooked by many business owners is the wide range of risks associated with operating a company. A business owner’s liability extends to his employees, clients and other business professionals associated with the provision of goods and services. Furthermore, the consequences of inadequately addressing risk can have a material negative impact on a company, and in some cases even result in permanent shutdown. It is imperative that business owners be educated on the variety of risks they are exposed to and the requisite solutions available to satisfy these liabilities. Utilizing your business advisor’s expertise in risk management can go a long way towards protecting both you and your company.
