Affinity Group Insurance Trends & Solutions | Lockton Affinity

Misappropriation of Client Funds Risks for Lawyers

Many courts view the misappropriation of client funds as one of the most serious forms of professional misconduct. While many attorneys would prefer to direct most of their focus to their performance in the courtroom, serious consequences can result from accounting mistakes and inaccuracies, even when there has been no intent to deceive or defraud a client.

Attorneys are held to a high

August 9th, 2022|Legal|

Cyber Fraud Coverage for Fiduciaries: Computer Fraud vs. Funds Transfer Fraud

Most registered investment advisors see any potential fraud involving computers as a serious risk to business, but fraud coverage within a cyber liability policy can vary.

Unlike RIAs, insurers don’t think of cyber risks like fraud as one single risk, but as many varied risks. Policy underwriters break out these risks into categories, offering more, less or no coverage depending on a number

July 27th, 2022|Financial|

Understanding Workers’ Compensation for Your Business

Lots of businesses start out small. But as you hire more employees or open new locations, it’s important your workers’ compensation coverage keeps pace with your growth.

Understanding workers’ compensation for your business is important and helps ensure you manage risk and stay compliant. Here’s what to know:

Workers’ Compensation Covers

Workers’ compensation insurance provides benefits coverage to your employees in the event of a

July 12th, 2022|Small Business|

8 Cyber Risks from Working from Home

A lot has changed about the way businesses work over the last few years, including a rise in the cyber risks from working from home for business professionals.

Most computer systems at big offices are well protected from everyday intrusions. Computers at home are not. This wasn’t as much of an issue until large numbers of business professionals began working from home during

June 28th, 2022|Financial|

Fire Safety for Franchises

Fire safety for franchises is crucial. According to the National Fire Protection Association (NFPA), more than 8,000 structure fires in eating and drinking establishments are reported to U.S. fire departments each year, causing $246 million in property damage.

While cooking equipment was the leading cause in these fires, electrical distribution and heating equipment were each responsible for 9% of

June 14th, 2022|Franchise|

The Best Tips for Hiring and Firing to Minimize EPL Risk

As business cycles ebb and flow, companies must make important decisions about hiring and firing to minimize EPL risk. By taking the right actions as an employer, you can improve your workplace culture and productivity with new hires, and ease transitions for employees after separation.

However, it’s important to recognize the risk that employment practices carry for your business. Every day, workers file

June 1st, 2022|Franchise|

Hand Tool Safety for Members and Volunteers

If you have projects scheduled for your organization this year, it’s important to have hand tool safety practices in place when power tools are in operation.

Whether you’re building garden beds, volunteering in the community, designing parade floats or fixing things up around your facilities, power tools can expose your organization to many potential safety hazards.

Make sure your organization’s leaders and members work

May 13th, 2022|Non-Profit|

How to Report a Claim: The Claim Process for Lockton Affinity

Insurance isn’t like most products you buy — your policy might stay “in the box” quite a while before you need it. With such a big gap between your purchase and needing access to your insurance, it may be hard to remember how to report a claim. Luckily, the claim process for Lockton Affinity is easy.

If an incident occurs and you need

May 13th, 2022|Small Business|

Password Security: The Recipe for Better Cyber Safety

Food and beverage sector businesses are increasingly experiencing disruptions, not only from the pandemic, but from hackers as well. Cybercrime is at an all-time high in many industries, and with fewer security controls, food-based businesses are facing more than their fair share.

Password security is your best recipe for cyber safety, protecting all your data, devices and systems from unauthorized

April 20th, 2022|Franchise, Small Business|

4 Tips for Texting Clients for Lawyers

Texting can help facilitate scheduling, reminders and quick communications, while also giving clients a positive impression that you’re friendly, accessible and committed to providing the best legal representation.

However, texting clients may pose a substantial exposure for attorneys. If you text with your clients, it is important to consider these four factors to manage your risk:

1. Immediacy

According to communication studies, 95% of texts

April 6th, 2022|Legal|