A risk management plan

Question

Quizplus · Accepted Answer

A risk management plan helps businesses to identify and anticipate potential legal liability, and therefore helps to promote better conduct and prevent legal issues. It should be regularly revised as the business landscape and potential risks change. While a lawyer may be involved in some aspects of the plan, it is not necessarily required for every part of it. Risk management plans are important for businesses of all types, not just sophisticated ones.

A Risk Management Plan