Uncategorized Archives - Lockton Affinity

A Brief History of Insurance

“Don’t put all your eggs in one basket” is a very old saying and, in many ways, it’s still the basis for the modern insurance that helps protect your business. Insurance began with people seeking to control the dangers they faced by spreading out the risk among larger groups of people and making agreements to help one another in the case of

February 4th, 2022|Uncategorized|

12 Low-Cost Ways to Help Prevent Cyber Attacks

One way to mitigate the increased risk of cyber attacks is to look to low cost and no cost solutions that can offer an immediate risk management benefit without added expense or complexity. Lockton Affinity’s CyberLock Defense Program has prepared this list of 12 low cost and no cost ways to help prevent cyber attacks on your business.

  1. Identify Key
February 4th, 2022|Uncategorized|

Beware of Indemnification Clauses

Design professionals need to know exactly what you’re agreeing to before you sign on the dotted line. With some contract clauses, you could be tying yourself to broad indemnity obligations far beyond what you intended, which is why you need to beware of indemnification clauses.

Agreeing to the wrong contract clause can not only expose you to excess risk not covered by your

February 4th, 2022|Uncategorized|

Preventing Employment Practices Claims

Employment practices refers to the part of your business that deals with hiring, firing and everyday workplace interactions. Employment practices liability claims alleging workplace discrimination or sexual harassment are increasingly common.

To protect your business, it’s important to understand the different types of employment practices claims. Here is a deeper dive into 4 common employment practices liability claims and how to protect against

February 4th, 2022|Uncategorized|

The Step-by-Step Process of Purchasing Business Insurance from Lockton Affinity

One of the things that can make shopping for business insurance so hard is not knowing what to expect. You hope the company you choose will be easy to work with and offer expertise and coverage when you need it, but it’s not always guaranteed.

At Lockton Affinity, we aim to provide you with best-in-class service for the insurance solutions that meet your

November 3rd, 2021|Uncategorized|

3 Tips for Training Employees on Cybersecurity

Over the last few years, franchise businesses have become a favorite target of cyber criminals. Hackers have stolen password credentials, company records and customer credit card data from thousands of well-known establishments.

Most franchise businesses do not consider themselves at high risk for hackers, but the consequences of a cyber attack are serious. Claims and legal fees routinely cost businesses

November 3rd, 2021|Uncategorized|

A Guide to Switching Insurance

As your business insurance policy comes up for renewal, it’s natural to wonder if you might be able to get a better deal or access better customer service. Perhaps you’re reading this blog, but currently have coverage through someone else.

As a business owner, switching insurance is particularly daunting. Finding coverage that protects your assets and the future of your business at a

October 6th, 2021|Uncategorized|

The Current State of the Cyber Market

Cyber liability insurance protection is key to an effective risk management strategy when you’re a financial professional. But changes are afoot in the cyber insurance marketplace and it could impact your ability to get the coverage you need while it’s still affordable.

Since the beginning of the pandemic, the already elevated rate of cyber crime has exploded. Cyber claims are multiplying, which has

October 6th, 2021|Uncategorized|

5 Secrets to Better Risk Management

Risk management is an important part of running a professional firm. Unfortunately, professionals can and do make mistakes which can lead to a professional liability claim. There are even situations where you can face an errors and omissions claim when you haven’t done anything wrong.

Professional Liability Insurance coverage can help protect your practice, but only if you understand how your coverage works

September 16th, 2021|Uncategorized|

The Journey of Your Insurance Policy

Understanding the inner workings of how an insurance policy is written and managed can be helpful whether you’re shopping for new insurance or already have coverage in place. In this blog, we’ll walk you through the process your Lockton Affinity policy goes through to give you an idea of what to expect.

From the moment you fill out a contact form, you’re on

September 16th, 2021|Uncategorized|