Affinity Group Insurance Trends & Solutions

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|

Top 15 Cyber Security Best Practices for Businesses and Employees

Cyber attacks pose a significant risk to businesses, costing companies millions and ruining reputations. The tactics used by hackers are always evolving so it’s important to make sure you are keeping up.

Most attacks result from a business and its employees being unprepared or underprepared for a threat. But by following the latest cyber security best practices for business and employees you can

September 7th, 2022|Small Business, Uncategorized|

Workplace Injuries and Their Impact on Mental Health

When someone gets hurt at your organization, workers’ compensation or volunteer accident coverage is often adept at delivering timely coverage. However, in today’s world, a comprehensive approach to health is crucial.

There are many reasons employees, organization members and volunteers may experience depression after an injury, including:

Social isolation
Challenges performing everyday tasks
Financial stress
Chronic pain and more

Mental health issues have also

August 30th, 2022|Franchise, Non-Profit, Small Business|

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|

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