Franchise Archives - Lockton Affinity

Risk Management Tips by Industry

At Lockton Affinity, we custom tailor, implement and manage insurance solutions for a wide variety of industries. Along with customized insurance programs, we provide risk management resources, too.

Find your industry below to browse risk management tips that apply to you and your organization.

Find Risk Management Tips for Your Industry

Franchise Systems

Why Your Business Needs Commercial Auto Insurance

If you use vehicles as part of your business operations, a commercial auto policy should be included in your insurance program. Commercial Auto insurance provides coverage for vehicles in the event they incur physical damage, cause physical damage or bodily injury to others.

If appropriate, you may also need non-owned auto coverage, which protects from claims for damages involving bodily injury or property

March 1st, 2019|Franchise, Small Business|

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|

Tips to Minimize Franchise Risk

Whatever type of franchise you own, working to minimize franchise risks just makes sense. Protect your franchise, employees and customers from everyday risks with these best practices.

Don’t rush hiring

Pre-screen potential employees and hold one or even two interviews with the same person before hiring them. A thorough hiring process will ensure the employee is a good fit for your franchise and will

July 18th, 2018|Franchise|

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|Franchise|