Franchise Archives - Lockton Affinity

Creating a Safe Driving Program for Your Company Vehicles and Drivers

If your business offers delivery, pickup or in-home services, your business faces certain risks that other franchises don’t. Having employees that drive for work and company vehicles that need to be serviced and maintained increases your exposure to accidents, claims and liability lawsuits.

One of the ways you can manage this risk exposure is by creating a safe driving program for your company

March 4th, 2021|Franchise, Small Business|

An Insurance Market Update for Food and Beverage Clients

To say things have changed over the last year is a bit of an understatement—change has swept through every industry, including insurance. Many food and beverage clients have been asked to do the impossible—and succeeded, continuing to stay afloat in an often ambiguous and shifting environment.

As a business owner, your focus continues to be your business, ensuring its future and minimizing any

January 25th, 2021|Franchise, Small Business|

5 Actionable Ways to Reduce Inventory Damage

Managing inventory comes with many challenges, including how to reduce inventory damage. Damage to inventory can occur at any point in your processes. Some products are damaged at the time of receiving, others are damaged during handling and storage and some are damaged during shipping. All damages can impact your bottom line, so it’s important to control for this risk.

In many cases,

January 25th, 2021|Franchise, Small Business|

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|