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So far Lockton Affinity, LLC has created 88 blog entries.

Ransomware Manufacturing Threat: How Cybercrime Is Targeting the Manufacturing Industry

The manufacturing industry isn’t known for having lots of rich clients or daily high-dollar transactions, so it may seem odd that criminals would be targeting plants and factories across the country. But increasingly, that’s what’s happening.

The rate at which cybercriminals are targeting the manufacturing industry now tops the rates for industries like finance, business, retail and government. It’s an unusual development, but

January 24th, 2023|Cyber, Small Business|

Would Equipment Malfunction Break Your Business?

Businesses everywhere depend on equipment. Like many, you probably rely on specialized tools, furniture and appliances made just for your industry to operate. Even beyond these devices, there is standard equipment for any business, such as HVAC systems, computers and more, which are critical to running your business.

If your business equipment were to malfunction or break, it could disrupt your day-to-day operations.

January 10th, 2023|Franchise, Small Business|

Why Prompt Claim Reporting Matters

It’s hard to make an accurate prediction of the outcome when a liability claim first comes to your attention. Some incidents resolve simply, while others do not. However, for organizations that delay the reporting of a claim to their insurer, the outcome is almost always worse than it otherwise could have been with prompt reporting.

The timing of a liability claim resulting from

December 29th, 2022|Non-Profit, Small Business|

Creating a Culture of Safety at Your Organization

Without a strong culture of safety in place at your organization, unsafe conditions can go uncorrected or unnoticed. Volunteers and members may not feel comfortable raising safety-related concerns and the risk of serious injuries may increase.

To make your organization safer, it is important to take a proactive approach before incidents occur.

With the right plan in place, you can help prevent injuries, illnesses

December 13th, 2022|Non-Profit, Small Business|

Finance, Cyber Attacks and Geopolitics: The Risk to Businesses Like Yours

Businesses in the finance industry are facing a new online risk as cyber attacks and geopolitics merge into a single threat. Cyber attacks have already been at an elevated level for several years. However, the latest geopolitical threat comes in addition to those existing risks of theft, fraud and vandalism.

The U.S. government has warned that geopolitical rivals from Russia to China,

December 13th, 2022|Cyber, Financial|

How to Choose Insurance for Your Franchise

Choosing franchise insurance can feel overwhelming. Workers’ compensation, business auto, property, liability, business interruption, cyber liability, umbrella liability—it can seem that there are endless insurance policies offered to your business. But which policies do you actually need?

When buying your business insurance, it can be helpful to follow these guidelines to ensure you have the coverage you need and nothing more:

  1. Check your
November 15th, 2022|Franchise, Small Business|

How to Protect Against the 83 Million Cyber Attacks Detected in 2021

It’s a familiar message at Lockton Affinity’s CyberLock Defense: multi-factor authentication, threat monitoring, response planning and risk mitigation protect against most cyber attacks. But sometimes it helps to hear that message from other top experts in the industry.

Microsoft recently introduced Cyber Signals, a new quarterly cyberthreat intelligence brief that offers an expert perspective into the current cyberthreat landscape. The experts

November 3rd, 2022|Cyber|

How Lockton Affinity Advisor Meets Schwab Insurance Benchmarks

Your financial services firm faces special risk when operating your business. In the registered investment advisor (RIA) industry, that risk is climbing. Last year, Charles Schwab Co., Inc., one of the largest financial services custodians in the world, sent a memo to their RIAs communicating new requirements for RIA insurance protection.

The Schwab memo emphasizes the importance of adequate insurance for protecting your

October 25th, 2022|Financial|

VIDEO: How to Navigate the Current Fiduciary Liability Insurance Market with Tom Schrandt

The current fiduciary liability insurance market is challenging, with some financial professionals finding it impossible to get coverage they can afford. To help provide a path forward, Lockton Affinity’s Tom Schrandt joins Josh Itzoe, CFP®, AIF®, on a recent episode of The Fiduciary U™ Podcast.

Tom is a Vice President, Partner and Producer at Lockton Affinity, where he leads the Lockton Affinity Advisor

October 12th, 2022|Financial, Small Business|

How to Get 360° Wire Fraud Protection for Your Business

As the administrator of the CyberLock Defense Insurance program, Lockton Affinity is always on the lookout for new resources that may help businesses reduce their risk of wire fraud.

Wire fraud is a significant cyber risk for business, because it can harm relationships with clients and customers and impact your insurability. Protecting against wire fraud is key, but standard transaction safeguards are often

September 19th, 2022|Financial, Small Business|