Franchise Archives - Lockton Affinity

Security Systems for Reducing Employee Theft at Quick-Service Restaurants

There are unique challenges when it comes to reducing employee theft at quick-service restaurants. Margins are thin, turnover is high, and almost everything is a consumable. While many businesses focus on external theft, restaurants face a significant risk from their own employees. According to the National Restaurant Association, up to 75% of inventory shortages and 4% overall sales are lost due to

November 24th, 2020|Franchise, Small Business|

Minimizing Your Data Risks with Secure Passwords

Business owners must strike a careful balance between maintaining easy access to digital files and safeguarding the business’s confidential data. Hackers are becoming more and more sophisticated, which means it’s more important than ever to use secure passwords for all your files and devices.

To stay safe, your business’s password security must evolve to keep pace with advancing risks. Make sure you understand

What to Know About Third-Party Delivery Services

You may have noticed that demand in the food delivery industry is exploding. Even before COVID-19, more and more consumers were ordering delivery. With new health and safety guidelines, most quick service restaurants are considering adding delivery service or working with third-party delivery services such as DoorDash and Uber Eats.

But it’s important to understand some of the risks that come with offering

November 24th, 2020|Franchise, Small Business|

The Extensive List to Preventing Slips, Trips and Falls

In franchises across the country, preventing slips, trips and falls is a priority because they are a leading cause of injury. Both franchise employees and customers are at risk. The result of a slip, trip or fall can range from mild to severe. However, most of these accidents can be prevented with proper awareness of the hazards and the right safety precautions.

Here

September 25th, 2020|Franchise|

Preparing Businesses for Hurricane Season

While you hope your business will not face severe weather during hurricane season, it always pays to be prepared. NOAA forecasts a busy Atlantic hurricane season from June through November 2020, with 13–19 named storms and 3–6 major hurricanes.

Considering the risks, proactively preparing businesses for hurricane season is a must. Here are steps you can take

August 11th, 2020|Franchise, Small Business|

Returning to Offices After COVID-19

The last few months have been full of uncertainty. Now that things appear to have turned the corner, restrictions are easing and businesses and organizations are preparing to reopen. But returning to offices after COVID-19 itself can seem like a daunting task. A return to normal operations is crucial, but so is managing risk in these uncertain times.

It’s important to be organized.

June 8th, 2020|Franchise, Legal, Small Business|

Common Inventory Risks and How to Combat Them

Carrying inventory is at the heart of your business, but comes with significant risk. Inventory dealers make significant financial investments to make sure customers get the goods and services they need how and when they expect them. To ensure customer satisfaction and the profitability of your operation, it’s important to manage your exposures properly. Here’s how to recognize common inventory risks and

May 27th, 2020|Franchise, Small Business|

Spring and Summer Driving Tips

Many drivers are happy to trade scraping windshields and snowy roads for spring showers and longer days. But spring and summer weather also present several hazards for drivers. After a long winter, it’s easy to forget just how dangerous the roads can be this time of year, so here is a new list of spring and summer driving tips. 

Spring Driving Tips

Pack Shades

May 27th, 2020|Franchise, Non-Profit, Small Business|

The Benefits and Risks of Social Media for Franchisees

Like their customers, businesses are spending more and more time online. Many franchisees now depend on social media, with more than half of franchisees saying it’s one of their top lead generation marketing channels. Social media is also a key tool for offering promotions and handling customer service.

Still, franchisees report there are both benefits and risks of social

May 27th, 2020|Franchise|

Your Guide to Working with Vendors

For modern businesses and organizations, working with vendors is key. Specialized vendors help increase efficiency, meet the needs of customers and communities and positively impact growth and economics. Yet working with vendors also involves challenges, such as the need to manage risk and minimize exposure.

The right level of insurance protection for both you and the vendor is key, so that both parties

February 28th, 2020|Financial, Franchise, Small Business|