Small Business 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|

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|

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|

How to Report a Claim: The Claim Process for Lockton Affinity

Insurance isn’t like most products you buy — your policy might stay “in the box” quite a while before you need it. With such a big gap between your purchase and needing access to your insurance, it may be hard to remember how to report a claim. Luckily, the claim process for Lockton Affinity is easy.

If an incident occurs and you need

May 13th, 2022|Small Business|

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|

Spring Cleaning Tips for Better Safety

It’s hard to believe, but spring is just around the corner. Now’s the perfect time to consider seasonal maintenance and spring cleaning before hotter weather arrives.

Being proactive and keeping your organization’s facilities in good condition is smart. It not only benefits the longevity of your property, it also improves safety for employees, members and visitors.

Here’s a list of seasonal maintenance and spring

March 23rd, 2022|Non-Profit, 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|