Small Business Archives - Page 2 of 5 - Lockton Affinity

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|

Increasing Cyber Attacks against Small Businesses

Cyber attacks against small businesses are increasing each year. Whether you are answering email, storing data files or running a website, your small business faces risks from doing business online.

Most recently, hackers have been focused on stealing money directly from small businesses. Some cyber criminals are using tricks to commit cyber fraud and drain your bank account. Others are using schemes to

January 25th, 2021|Small Business|

Winter Weather and Tires

Winter weather can have a significant impact on your business operations. You not only have to think about accidents and injuries, but also critical downtime. Every year, it’s estimated that trucking companies lose more than 32 billion vehicle hours and $3 billion in revenue due to weather delays. For any business that needs to be on

December 18th, 2020|Small Business|

Increased Ransomware Attacks Targeting Law Firms

News about the outbreak and spread of Covid-19 dominated headlines in 2020. Yet for many law firms, Covid-19 has not been the only kind of virus threatening their businesses. In the past year, there has been a massive surge in ransomware attacks targeting law firms and their computer systems.

Ransomware attacks have created a cyber crime epidemic, costing law firms hundreds of millions

December 18th, 2020|Financial, Legal, 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|

Forming a Cyber Attack Response Plan

Cyber attacks are common and damaging for businesses. Yet many businesses do not have a sufficient cyber attack response plan of what to do in the event of a cyber attack. Even with the increasing frequency and cost of cyber incidents, as many as 34% of businesses don’t have a formal response plan applied uniformly across their entire

September 25th, 2020|Financial, Legal, Small Business|

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|

How to Stay Safe Outside in the Heat

It’s the height of summer, and many people are excited to be spending more time outdoors after COVID-related closures. But along with the fresh air and sunshine there is extreme heat that can be dangerous to your health.

As your organization schedules activities outdoors this summer, make sure to take the heat into account. It could mean the difference between a fun and

August 3rd, 2020|Additional Groups, Non-Profit, Small Business|