Affinity Group Insurance Trends & Solutions | Lockton Affinity

Details about Franchise Insurance

Franchise insurance is critical for both franchisors and franchisees to protect the franchise system and manage compliance. Unfortunately, a franchise system has many unique challenges and often requires multiple types of insurance policies for both parties. Read on to learn about franchise insurance.

 

Typical Coverage for Franchisors

As a franchisor, you face industry risks, as well as risks from the franchise system itself.

April 3rd, 2018|Uncategorized|

Tips to Minimize Risk in the Financial Industry

Whether you are an investment advisor, a lawyer or an accountant, it is important to minimize risk in the financial industry. Protect your business and clients from everyday risks with these best practices:

Screen Your Clients

Landing a new client is often the result of weeks or even months of hard work. While the idea of a new prospect is exciting, it is important

March 22nd, 2018|Uncategorized|

Why Proper Medical Documentation is Critical

As a healthcare professional, you know proper medical documentation is important for many reasons. With precise information, each health care professional to treat a patient can review the correct information at various stages of treatment and provide the best care.

Detailed information is also extremely important in the case of a malpractice lawsuit against members of the health care team. Comprehensive, professional

March 22nd, 2018|Uncategorized|

10 Loss Prevention Tips for Attorneys

From clear communication to proper documentation, there are many ways you can prevent malpractice claims and subsequent loss at your firm. Follow these loss prevention tips for attorneys to protect your firm.

Choosing Clients

  1. Avoid Conflicts of Interest

Allegations of conflict of interest drive both frequency and severity. Watch carefully for conflicts arising from dealings with former or current clients and avoid those arising

March 22nd, 2018|Legal|

The Difference Between General and Umbrella Liability Insurance

Lockton Affinity offers a variety of policy types to fit the complex insurance needs of clients like you. Despite the differences of many companies and organizations, one of the most common insurance policies needed is liability coverage.

However, there are many types of liability coverage. For example, Lockton Affinity offers:

  • Cyber Liability
  • Employment Practices Liability
  • Excess Liability Insurance
  • Fiduciary Liability
March 21st, 2018|Uncategorized|

Tips for Non-Profit Risk Management

Whether you are a national non-profit or a local affiliate maintaining a community center, hosting a fund-raising event, or having volunteers working in the field, following these tips for non-profit risk management just makes sense. Protect your non-profit members and affiliates from everyday risks with these best practices:

Minimize slips, trips and falls

Slips, trips and falls make up the majority of all general

March 21st, 2018|Non-Profit|

The Importance of Insurance for Business Owners

As an owner, you never want to think about damage to your hard-earned business. Unfortunately, it’s a risk you face each and every day. Whether a fire shuts down your business for months or a broken computer system halts operations for a day, insurance for business owners is critical.

While purchasing insurance isn’t the most exciting part of owning your own business, it

March 14th, 2018|Uncategorized|

Tips for Selecting Insurance Limits

With insurance limits, retroactive dates, coverage exclusions and more, insurance can be confusing. At Lockton Affinity, we strive to make it as simple as possible. Read on for some basic information about insurance limits and how to select them.

 

Understanding insurance limits

An insurance limit, or limit of liability, is the maximum amount the insurance company will pay under a given policy. So

February 27th, 2018|Uncategorized|

Why Fitness Professionals Need Professional Liability Insurance

 Professional Liability Insurance covers the cost of certain legal fees, and settlements that you may face as a result of claims brought against you based on the advice or services you have provided.

While your employer may have Professional Liability Insurance, it is important to have your own policy for many reasons.

 

What’s at risk?

Time. Regardless of guilt or innocence, legal proceedings can

February 27th, 2018|Fitness & Wellness|

The Threat to Confidentiality: Ten Tips for Law Firms to Avoid a Cyber Incident

The Cyber Breach

Unfortunately, law firms are still regarded as “soft” in the comparative world of cyber targets. Many law firms use systems that are easier to penetrate than those of their more sophisticated clients. This imbalance in technology leaves the law firm as the weakest link in the data chain and an obvious target for cyber criminals.

Further, lawyers, even if employed at

November 28th, 2017|Legal|