Now more than ever, retirement plan recordkeepers are at risk of cyber fraud. But there are ways to minimize your exposure. Lockton Affinity’s Tom Schrandt recently penned an article for ASPPA’s Plan Consultant Magazine, offering cyber tips for recordkeeping professionals.
Tom is a Vice President, Partner and Producer at Lockton Affinity, where he leads the Lockton Affinity Advisor Insurance Program
With summer heat just around the corner, it’s a good time to consider your business’s HVAC system and its maintenance.
Well-maintained HVAC equipment can reduce energy loss and save your business money on operating costs. It also helps keep your business safe and pleasant:
While insurance policies are in place to protect your business from shouldering the cost of someone being injured, it’s even more important to do all you can to prevent injuries in the first place.
Consider the following tips for preventing employee and customer injuries.
Preventing employee injuries not only protects your employees’ mental and physical wellbeing, it protects your business, too. Because
The manufacturing industry isn’t known for having lots of rich clients or daily high-dollar transactions, so it may seem odd that criminals would be targeting plants and factories across the country. But increasingly, that’s what’s happening.
The rate at which cybercriminals are targeting the manufacturing industry now tops the rates for industries like finance, business, retail and government. It’s an unusual development, but
Businesses everywhere depend on equipment. Like many, you probably rely on specialized tools, furniture and appliances made just for your industry to operate. Even beyond these devices, there is standard equipment for any business, such as HVAC systems, computers and more, which are critical to running your business.
If your business equipment were to malfunction or break, it could disrupt your day-to-day operations.
It’s hard to make an accurate prediction of the outcome when a liability claim first comes to your attention. Some incidents resolve simply, while others do not. However, for organizations that delay the reporting of a claim to their insurer, the outcome is almost always worse than it otherwise could have been with prompt reporting.
The timing of a liability claim resulting from
Without a strong culture of safety in place at your organization, unsafe conditions can go uncorrected or unnoticed. Volunteers and members may not feel comfortable raising safety-related concerns and the risk of serious injuries may increase.
To make your organization safer, it is important to take a proactive approach before incidents occur.
With the right plan in place, you can help prevent injuries, illnesses
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:
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
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