Risk Management complements Insurance and requires the process of:
• Risk recognition
• Risk identification
• Risk evaluation
• Risk control
• Risk transfer
• Risk measurement

And can apply to the following, just to name a few situations:
• Physical assets including stock and stock piles
• Gross profit and indemnity periods required
• Cash handling and security from staff and other persons
• Burglary security
• Motor vehicle accidents
• Employer/employee responsibilities under the Workers’ Compensation Act including Occupation Health and Safety requirements