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.
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
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.
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
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
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
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.
Franchise Systems
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
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:
Password policies are
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
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