As generative artificial intelligence (AI) continues to evolve and permeate various sectors, many businesses have started forming and implementing policies to govern its use. These businesses face crucial decisions about how to integrate these tools, including the use of training data and prompts into their operations while managing associated risks. Companies, ranging from creative service firms to hedge funds, are increasingly seeking guidance on implementing generative AI policies that address their unique needs. This brief article explores the diverse concerns and risk profiles of different industries, providing insights into why developing an internally aligned generative AI policy is essential for optimizing usage and minimizing potential pitfalls.