Risk management begins with a solid plan covering those areas where you are most likely to face problems. One area many employers are finding themselves stuck in is how to deal with the new California marijuana laws.

You might think the insurance policies you carry on your employees or that you have specifically for your company are solely financial tools, items with little effect on your employees and morale. However, your insurance plan is one of the strongest bridges you have with your team. It's one of the few connections you have linking you to them even when they are away from work.

You know health insurance is vital to your employees not only because of the benefit, but also because it helps them stay healthy and productive. For these reasons alone, you should help them understand their health insurance benefits and how to access them. The benefits of this are two-fold.

We've discussed the importance of having a risk management team as part of your company's management. However, risk management 'teams' sound resource dependent and costly and they can be. What if you're a small business, a one-person shop, or you have to make a fast decision about a strategic move? You might feel as if you are a ship adrift on the sea of uncertainty.