Before you start working with your skilled and promising bunch of employees, you need to lay down the company policies in writing. This is important not only because you want to keep your employees aligned with your organizational values, but also because such written policies can shield your rights in case a hostile employee turns on you with false allegations. Company policies communicate how your employees are expected to behave and the consequences in case they do not adhere to the policies. But unfortunately, company policies are, many-a-time, the last thing on the minds of business owners and amid the heaps of tasks required for providing momentum to the business and keeping it up and running, the criticality of company policies is often forgotten. Every business is vulnerable to many risks and as you begin to expand your horizons, working with more clients and employees, the number of risk factors goes up. Minimizing such risks and the liabilities that come along is imperative and so is keeping everyone in the company on the same page. And, this can be achieved effectively through well-written company policies. Formulating effective policies and developing and maintaining the employee handbook can be a tricky job, on top of being a tedious one, but there are plenty of templates available which you can refine and use to suit your requirements.