Main purpose of this article is to Discuss on Risk Management Process. The risk management process is about identifying risks just for them to be managed. The process for management involves an amount benefit analysis. What are the effects of losing an property or all assets than the cost of putting a strategy in place to decrease or nullify that taking place. you should have a plan and evaluate that and action it frequently. Properly review your insurance renewals on a yearly basis. Consider your changed situation and ensure your insurances take this into mind. Insure what you cannot afford to get rid of.