Risk Management isn’t something that can be done just once. It needs to be incorporated in the company’s nature and to be adjusted to its needs. When we are speaking of risk management, it is important every company to understand that he needs to be embedded in the company’s general management and completely integrated with all business sections like strategy, finance, internal and external control, HR, planning and others. In this way, all potential risks can be treated on time. There are many models out there that can help while facing the risk. The main thing in all of them is to prevent, to be prepared, to be able to respond to any given situation and of course the recovery phase that sometimes cannot be dismissed. The combination of all these steps can assure well risk management for any company. With the prevention are taking actions that can reduce and even sometimes eliminate the bad effects from some event. For the best results, always is good to have great risk management plan. The preparedness is a step when the managers are making sure that can respond in an effective way to every situation and to be prepared for recovery if needed. The part where the managers need to respond means that they need to control or minimize all the negative results from some incident. Sometimes, Risk Management is compared with insurance, but, these two things are completely different. The main difference comes from that the insurance is paying for legal fees, judgments or settlements. Also, the insurance is going to provide help after the risk situation occurred. In the other hand, the risk management often can stop problems to occur. It provides a frame for identifying all the risks and also making the appropriate decision that will provide the most appropriate solution. Using risk management in the company is the best thing that the managers can do. In this way they can be sure that nothing unexpected can jeopardize their success.