If you've ever found yourself lecturing an employee about tardiness, absenteeism, personal phone calls, and so on, you've already formulated company policy. Now it's just a matter of putting pen to paper to make it official. Writing a policy handbook is not a project to take lightly. In some states, an employee handbook is considered a contract, and any deviation from it may be construed as a breach of contract by the employer. Before you print copies, have a lawyer look over the handbook for potential liability problems.