Understanding your business's commercial risk


The commercial risks that your business face can be in a number of forms.

  • Commercial risk can be financial in that your business’s cashflow could be affected by slow payment of your outstanding invoices
  • Commercial risk can be organisational in that you may lose key members of staff that your business relies on
  • Commercial risk can be your non-compliance of regulations or laws such as your responsibilities to the environment

Mitigation with insurance

You can protect your business against commercial risk to a degree with insurances. The commercial risk that bad debts or slow payments can bring to your business can be insured against. It is also possible to protect your business against other commercial risks such as staff leaving by ensuring your employee contracts are legal and binding.

What about compliance?

The compliance risk that your business faces is perhaps the most serious and potentially damaging of all the commercial risks you will take.

Here, the services of a business solicitor are invaluable. They can help you ensure all laws and regulations are complied with. This will dramatically reduce your commercial risk in this area.

Risk management is also a key component of your business. And as risk management nearly always has a legal component, having a business solicitor qualified in these areas of the law is an important member of your management team.

The commercial risk that your business faces can be manifold. Formalising how your business approaches and deals with commercial risk with a risk-management policy is often the best approach. Your business solicitor can help you draw up this document.

If you would like to obtain legal advice about commercial-risk management, Contact Law can put you in touch with a local specialist business / commercial solicitor free of charge. So, if you have any questions or would like our help in finding local business / commercial  solicitors please call us on 0800 1777 162 or complete the web-form above.

0800 1777 162
or fill in the form
Our trained advisor contacts you
Your chosen specialist solicitor calls you
Quick enquiry form
Area of law:
What our clients say about us
"This was the first time I've been to court, which was a nerve-racking experience for me. However, I felt very prepared, I understood my case and representation - this was down to you."
Gavin, criminal motoring, Oct 15
"Your service, and the prompt call back from your recommended firm was very good. I would not hesitate to call again or recommend your service."
Ian, employment law, Truro, July 15
"The firm were excellent, could not have been better! They are exactly what I need right now."
Linda, criminal defence, Thames Ditton, Jul 15
"Your contact and service was immediate and utmost professional, 10/10."
TF, conveyancing, Dudley, Jun 15
"I appreciate the service that you provide. I found you to be courteous, efficient and reassuring at a time when my confidence in justice is completely negative."
Patrick, litigation, Pontypridd, Jun 15
"I cannot tell you how much I appreciate the speed of which you came back to me in. If anyone else can benefit from your help like I have done, it would make my day."
Gail M, family law, Potters Bar, Jun 15
"Your assistance was extremely helpful. Particularly to someone who in 40 years of business has never experienced this sort of issue."
TD, commercial litigation, Galashiels, Apr 15
"It is difficult to express the value Contact Law has to someone like me who had very little understanding of the law and how to proceed forward with my case. Thank you for the service you provided."
AE, defamation law, Worthing, Apr 15
"Thank you for the efficient service I received. I was contacted by your solicitor on the same day as my request. Your quick response to my situation made me feel secure."
AN, employment law, London, Apr 15
"Your service was excellent, very fast and informative. I never got the impression of being pressurised at all. The solicitor you recommended was also excellent – very knowledgeable and supportive."
JHD, Motoring law, Liverpool, Apr 15
Contact Law supports the endeavours of STAE and commends all the work they are undertaking to assist in the plight of the Asian Elephant


We use cookies on the Contact Law site to help us improve it.

If you would like to allow our cookies, please click 'Continue' or carry on browsing. For more information on cookies and how to change your settings, click 'More info'.