Small Business Archives - Lockton Affinity

3 Ways to Protect Your Inventory

According to the National Weather Service, thunderstorms cause several hundred million dollars in property damage each year.

If you have a business with a brick and mortar store and inventory, this can be troublesome, especially when considering the other types of weather your area may face.

Whether you sell patio sets or stoves, there are steps you can take to protect your inventory from

June 5th, 2019|Small Business|

Natural Disaster Preparation for your Small Business

No matter where your small business is located, you are at risk to experience a natural disaster. Luckily you can complete natural disaster preparation whether you’re in Florida worried about hurricanes, California concerned about wildfires or Texas troubled by tornadoes.

While you hope a natural disaster never impacts your small business, it always pays to be prepared. A few simple steps can help

May 20th, 2019|Small Business|

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|

5 Tips to Prevent a Cyber-Attack

As technology use continues to integrate into the daily operations of businesses, reports of cyber-attacks are growing. Malware, ransomware, phishing and other breaches are becoming common place for small business owners. As a business owner, you have a responsibility to protect your business records and your customers’ personal information. Prevent a cyber-attack with these five tips:

  1. Enforce a password policy

Password policies are

November 27th, 2018|Small Business|

Insurance Limits for Small Businesses

As a small business owner, insurance can be confusing, time consuming and expensive. At Lockton Affinity, we strive to make it as simple and affordable as possible.

With the coverage you need as a small business owner, you will likely have to select insurance limits for some of your insurance policies. First, you will need a basic understanding of what an

September 14th, 2018|Small Business|

The Most Common Small Business Claims

Whether you own an antique store, law firm, or any other type of the millions of small businesses, you face many risks each and every day. These risks typically fall into four categories—customers, income, employees and property.

Unfortunately, these risks can become real life claims in no time at all. In fact, a study by The Hartford found that 40% of small

August 27th, 2018|Small Business|

Small Business Insurance

Whether you own a print shop, photography business, engineering firm, or any other of the millions of small businesses, you need small business insurance to cover the many risks you face. Ultimately the insurance you select for your business will protect against risks in four categories – customers, income, employees and property.

 Policies designed for small businesses

Likely, your business will not need all

July 18th, 2018|Small Business|

The Importance of Insurance for Business Owners

As an owner, you never want to think about damage to your hard-earned business. Unfortunately, it’s a risk you face each and every day. Whether a fire shuts down your business for months or a broken computer system halts operations for a day, insurance for business owners is critical.

While purchasing insurance isn’t the most exciting part of owning your own business, it

March 14th, 2018|Small Business|