Franchise Archives - Lockton Affinity

How to Choose Insurance for Your Franchise

Choosing franchise insurance can feel overwhelming. Workers’ compensation, business auto, property, liability, business interruption, cyber liability, umbrella liability—it can seem that there are endless insurance policies offered to your business. But which policies do you actually need?

When buying your business insurance, it can be helpful to follow these guidelines to ensure you have the coverage you need and nothing more:

  1. Check your
November 15th, 2022|Franchise, Small Business|

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|

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|

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|

10 Insurance Terms Explained in Plain English

If it’s your first time shopping for insurance for your business, insurance terms can be a real stumbling block. Even for old pros, a fresh perspective on a familiar topic can help you better understand what really matters.

Here’s a look at 10 common but confusing insurance terms explained in plain English to make your insurance buying experience easier.

1. Named

March 8th, 2022|Franchise, Small Business|

Snow Shoveling Safety Tips

Like everyone, many organizations spend the winter digging out from snow storms. Shoveling snow can provide an opportunity for exercise, help out less-able community members, and build camaraderie. All the same, snow removal can also be risky for employees, members, volunteers and your organization.

Shoveling snow yourself can pose health risks and hiring snow removers comes with added risks to your organization. The

February 10th, 2022|Franchise, Non-Profit, Small Business|

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|

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|