As a business owner, you probably realize that operating and owning a business can be fraught with pitfalls and risks. Turning a profit isn’t enough; you must also protect your business from claims and lawsuits. Debts and mortgage obligations to third parties and vendors, claims for damages caused by your employees, product or professional liability and consumer-protection issues are just some of the risks you must deal with. If handled improperly, these risks could result in the disastrous loss of both business and personal assets. Knowing what risks you face and how to minimize or avoid the loss they can cause can give you the chance to run your business successfully. Read on to find out what they are.