Small Business Archives - Lockton Affinity

Why Businesses Need Business Interruption Insurance

If your small business operations were interrupted next week, would you be able to bounce back the week after next? For 9 out of 10 small businesses, the answer is no.

According to FEMA, being forced to close for just five days can cause the majority of small businesses to fail within a year. But if your business were to face a serious

October 17th, 2019|Small Business|

Tips to Protect Against Common Phishing Tactics

Phishing tactics can target any internet user, but the results can be particularly devastating when your small business is affected. Losses from business email compromise scams reached $2.7 billion in 2018, according to the FBI’s Internet Crime Report, with no sign of the problem ending anytime soon.

To protect your business, it’s important to know about the most common phishing tactics and what

October 11th, 2019|Small Business|

Why You Shouldn’t Use Your Personal Car for Business Purposes

Each year, as many as one in 20 vehicles used for business purposes is involved in an auto accident. While no one wants to get in an accident, improperly insured business drivers face risks beyond filing a claim.

For improperly insured drivers, claims of property damage or bodily injury can be denied by an insurer and your business could face a lawsuit.

October 11th, 2019|Small Business|

Tips for Creating a Workplace Emergency Plan

A workplace emergency plan can help your small business prepare for the unexpected, ensuring worker safety and continued business operations.

According to FEMA, up to 90 percent of small businesses fail within a year of facing a serious emergency if they are unable to resume operations within five days. In 40 to 60 percent of serious incidents, businesses never reopen.

Improve your business’s

October 11th, 2019|Small Business|

Everything You Need to Know about Heat Exhaustion

Heat exhaustion is one of three heat-related syndromes, with heat cramps being the mildest and heatstroke being the most severe. While heat exhaustion is in the middle, this syndrome must be taken seriously.

Heat Exhaustion Causes

According to the Mayo Clinic, your body needs to maintain a normal core temperature near 98.6 F. In hot weather, your body cools itself by sweating. However, when

July 17th, 2019|Additional Groups, Non-Profit, Small Business|

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|