Non-compliance with laws is the biggest risk, leading to lawsuits and penalties.

Ensure business and risk management includes solid employee policies and legal training.

At least once a year to update business risk management strategies.

Question 1

What is the biggest legal risk?

Accepted Answer

Non-compliance with laws is the biggest risk, leading to lawsuits and penalties.

Question 2

How can businesses protect themselves from employment law violations?

Accepted Answer

Ensure business and risk management includes solid employee policies and legal training.

Question 3

Why is business risk management important?

Accepted Answer

It prevents legal issues, financial losses, and reputational damage.

Question 4

How often should businesses conduct a risk assessment?

Accepted Answer

At least once a year to update business risk management strategies.