Affinity Group Insurance Trends & Solutions | Lockton Affinity

Fiduciary Coverage for Financial Professionals

The day-to-day duties of financial professionals are changing rapidly. With more and more solutions available for clients and vast regulatory reform, the role of financial professionals will continue to change.

One way to protect yourself and the additional roles you take on is Errors and Omissions (E&O) insurance with Fiduciary Coverage.

What is E&O Insurance?

E&O Liability Insurance covers the cost of certain legal fees,

November 27th, 2018|Financial|

How to Prevent Collapsing Chairs at Your Organization

A surprising number of claims come from an unexpected source: collapsing chairs. Collapsing chairs are extremely dangerous and often collapse during normal use. Many injuries can occur from a chair collapse, including:

  • Heavy bruising
  • Smashed fingers
  • Broken arms and wrists
  • Fractured pelvises
  • Severe lacerations
  • Concussions

Injuries associated with deteriorating folding chairs may require corrective surgeries, hospitalization and significant recovery times. They are extremely

November 27th, 2018|Franchise|

5 Tips to Prevent a Cyber-Attack

As technology use continues to integrate into the daily operations of businesses, reports of cyber-attacks are growing. Malware, ransomware, phishing and other breaches are becoming common place for small business owners. As a business owner, you have a responsibility to protect your business records and your customers’ personal information. Prevent a cyber-attack with these five tips:

  1. Enforce a password policy

Password policies are

November 27th, 2018|Small Business|

The Importance of Protecting your Leadership and Board Members

Leaders make daily decisions that impact the success of your non-profit. As a leader, these members are expected to accept the same guidelines and duties that the heads of major corporations follow: the duties of diligence, loyalty and care.

Despite training and having the best interests of the non-profit at heart, mistakes can happen. When errors occur, volunteers, employees and even outsiders may

October 11th, 2018|Additional Groups|

Insurance Limits for Small Businesses

As a small business owner, insurance can be confusing, time consuming and expensive. At Lockton Affinity, we strive to make it as simple and affordable as possible.

With the coverage you need as a small business owner, you will likely have to select insurance limits for some of your insurance policies. First, you will need a basic understanding of what an

September 14th, 2018|Small Business|

Risk Management Tips for Fitness Professionals

At Lockton Affinity, we strive to provide our customers an exceptional insurance experience through complete coverage, personal service and risk management resources. Like insurance coverage, risk management tips for fitness professionals are designed to help keep you, your career and your clients safe.

 

Risk Management Tips for Fitness Professionals

You likely have your clients’ best interests at heart. Unfortunately, today’s society is very

September 14th, 2018|Fitness & Wellness|

Tips for Managing Malpractice Claims

Sometimes, good lawyers can make mistakes. Whether a signature gets missed on a critical document or the wrong procedure is followed for an appeal, mistakes can happen. Unfortunately, malpractice claims – both legitimate and not – can happen to you, despite your years of experience.

In the event a claim is filed against you for the services or advice you provided, follow these

August 27th, 2018|Financial|

The Most Common Small Business Claims

Whether you own an antique store, law firm, or any other type of the millions of small businesses, you face many risks each and every day. These risks typically fall into four categories—customers, income, employees and property.

Unfortunately, these risks can become real life claims in no time at all. In fact, a study by The Hartford found that 40% of small

August 27th, 2018|Small Business|

How to Report a Professional Liability Claim as a Financial Association

Whether you are a CPA, an investment advisor or a banking professional, you are at risk of being sued for the services you provide. From disgruntled clients to fiduciary liability or even typos, you’ll want the right coverage in place to protect you and your career. While you hope to never be sued, it is important to know how to report a

August 21st, 2018|Financial|

Insurance Terminology to Know

Insurance comes with its own language and can often be confusing. We want to ensure that you feel comfortable and confident in purchasing insurance. Read on for common insurance terminology you will likely come across during your insurance purchase.

Do I need General Liability or Professional Liability?

General liability covers risks associated with business, such as clients and others who come into contact with

August 21st, 2018|Additional Groups|