Lockton Affinity, LLC, Author at Lockton Affinity

About Lockton Affinity, LLC

Lockton Affinity, an affiliate of Lockton Companies, was formed in 1987 to meet the dynamic, specialized insurance needs of affinity groups, non-profits, associations and franchises.

A Guide to Switching Insurance

As your business insurance policy comes up for renewal, it’s natural to wonder if you might be able to get a better deal or access better customer service. Perhaps you’re reading this blog, but currently have coverage through someone else.

As a business owner, switching insurance is particularly daunting. Finding coverage that protects your assets and the future of your business at a

October 6th, 2021|Uncategorized|

The Current State of the Cyber Market

Cyber liability insurance protection is key to an effective risk management strategy when you’re a financial professional. But changes are afoot in the cyber insurance marketplace and it could impact your ability to get the coverage you need while it’s still affordable.

Since the beginning of the pandemic, the already elevated rate of cyber crime has exploded. Cyber claims are multiplying, which has

October 6th, 2021|Uncategorized|

5 Secrets to Better Risk Management

Risk management is an important part of running a professional firm. Unfortunately, professionals can and do make mistakes which can lead to a professional liability claim. There are even situations where you can face an errors and omissions claim when you haven’t done anything wrong.

Professional Liability Insurance coverage can help protect your practice, but only if you understand how your coverage works

September 16th, 2021|Uncategorized|

Implementing Regular and Redundant Backups

About Regular and Redundant Backups

Making regular and redundant backups is a simple practice you can implement to help protect against data loss and ensure the continuity of your business.

Regular and redundant backups are designed to provide a dual layer of protection:

  • Regular backups guard against the potential for a loss of data that would be difficult or impossible to replace.
  • Redundant backups
September 16th, 2021|Financial, Franchise, Healthcare, Small Business|

The Journey of Your Insurance Policy

Understanding the inner workings of how an insurance policy is written and managed can be helpful whether you’re shopping for new insurance or already have coverage in place. In this blog, we’ll walk you through the process your Lockton Affinity policy goes through to give you an idea of what to expect.

From the moment you fill out a contact form, you’re on

September 16th, 2021|Uncategorized|

Vehicle Safety for Small Businesses

Vehicle safety for businesses is a top priority. Every year, preventable accidents claim lives and cause millions of dollars in damages. By applying tried and tested safety standards to the operation of your vehicles, your organization can reduce the risk of accidents and claims.

Vehicle Safety Standards for Small Businesses

The Department of Transportation has outlined safety standards for pre-trip and post-trip inspections for commercially

September 16th, 2021|Financial, Franchise, Small Business|

Encryption of Sensitive Information

Data encryption is an essential tool that helps protect the confidentiality and privacy of your firm’s sensitive digital information during storage and transmission.

This complex technology automatically scrambles your data to protect it from prying eyes and unscrambles the same data so that you and other authorized parties can work with it.

Encryption works seamlessly in the background every day to secure data, including

September 16th, 2021|Financial, Franchise, Small Business|

What a BOP Does and Doesn’t Cover

Restaurant customers often order a combo meal, since it has everything most people need—entree, side and drink. Packaging a burger, fries and a soda into a combo meal makes a lot of sense, and it’s similar to how a Business Owners Policy (BOP) works in insurance.

A BOP makes it easy to get the standard coverage and limits you need without piecing together

September 16th, 2021|Franchise, Small Business|

Summer Storm Risks for Inventory

Summer storms can pose a serious risk for businesses with inventory. In 2019, the Congressional Budget Office estimated commercial business damage from summer storms at $9 billion. Your business may be at greater risk if your product is located in vulnerable warehouses or out in the open exposed to the elements.

These weather risks are hard to predict and can affect your inventory

September 16th, 2021|Uncategorized|

Employment Practices Claims and Restaurants

Employment practices refers to the part of your business that deals with hiring, firing and everyday workplace interactions. Employment practices liability claims alleging workplace discrimination or sexual harassment are increasingly common.

In fact, the restaurant industry experiences more claims of misconduct than any other, according to the Harvard Business Review. With as many as 90% of some workers

April 23rd, 2021|Small Business|