October 2019 – Lockton Affinity

Why Businesses Need Business Interruption Insurance

If your small business operations were interrupted next week, would you be able to bounce back the week after next? For 9 out of 10 small businesses, the answer is no.

According to FEMA, being forced to close for just five days can cause the majority of small businesses to fail within a year. But if your business were to face a serious

October 17th, 2019|Small Business|

Tips to Protect Against Common Phishing Tactics

Phishing tactics can target any internet user, but the results can be particularly devastating when your small business is affected. Losses from business email compromise scams reached $2.7 billion in 2018, according to the FBI’s Internet Crime Report, with no sign of the problem ending anytime soon.

To protect your business, it’s important to know about the most common phishing tactics and what

October 11th, 2019|Small Business|

Why You Shouldn’t Use Your Personal Car for Business Purposes

Each year, as many as one in 20 vehicles used for business purposes is involved in an auto accident. While no one wants to get in an accident, improperly insured business drivers face risks beyond filing a claim.

For improperly insured drivers, claims of property damage or bodily injury can be denied by an insurer and your business could face a lawsuit.

October 11th, 2019|Small Business|

Tips for Creating a Workplace Emergency Plan

A workplace emergency plan can help your small business prepare for the unexpected, ensuring worker safety and continued business operations.

According to FEMA, up to 90 percent of small businesses fail within a year of facing a serious emergency if they are unable to resume operations within five days. In 40 to 60 percent of serious incidents, businesses never reopen.

Improve your business’s

October 11th, 2019|Small Business|

Developing a Risk Management Program at Your Organization

A successful risk management program can protect your employees, members and volunteers from harm and your organization from associated costs. Because of the program’s importance, your organization’s leadership should hold the responsibility of the risk management program planning.

When implementing a risk management program, consider the following fundamentals:

  • State the reasons for having the program. These objectives will determine the depth and scope
October 11th, 2019|Uncategorized|

Email Wire Fraud Scams Affecting Lawyers and Their Firms

More and more, scammers are targeting lawyers by sending forged emails to law firms, clients and financial institutions. The scam typically involves a compromised email account, which can be the lawyer’s, the client’s or even the bank’s. Scammers monitor the account to uncover pending transactions, such as a real estate purchase, a loan or the settlement of a lawsuit.

At the appropriate time

October 11th, 2019|Legal|