Your business changes from year to year, and your insurance may need to change with it. Whether your franchise experiences workforce changes, services changes or business changes, it’s important that your insurance coverage stays up to date. Lockton Affinity offers access to a variety of insurance products that can help safeguard your business throughout it all. Here’s what to know.


If the size of your workforce changes…

Franchises, like all businesses, go through periods of growth where new employees are added and slowdowns where the workforce shrinks. Workers’ Compensation is an important coverage that helps protect both you and your workforce. But if your workforce changes, you may need to update your policy. Coverage is based on the number of employees you have as well as their roles and compensation. If you’ve shed employees recently, you may even be able to save on your premium. The right coverage will give you confidence you’re protected and compliant.

The Lockton Affinity difference:

At Lockton Affinity, we understand the unique risks franchise employers face. Our Workers’ Compensation coverage is available to cover your employees for on-the-job injuries, regardless of fault. Plus, our policies are written to be in compliance with your individual state’s laws.


If the services you offer changes…

Businesses change up their service offerings from time to time, adding them to drive new business and reducing them when they’re not needed. For franchises, new services often involve mobile services, delivery options or in-home services. But your General Liability and Business Owner coverage don’t usually cover these activities, so you may need to add Commercial Auto coverage to fully protect yourself. Even your existing coverage may need adjustments, depending on what services you’ve added or cut.

The Lockton Affinity difference:

With more than 35 years in business, we know how to support the unique needs of businesses like yours. In fact, we custom tailor, implement and manage insurance solutions for more than 90 franchise brands. Whether you need Commercial Auto with liability and physical damage coverage for your business vehicles or something else, we’ve got you covered.


If your business needs change…

Franchise businesses undergo all sorts of changes in the course of a year, including some you might not even think matter. For instance, have you invested in new equipment for your business recently? Upgraded your computer network, sprinkler systems or parking lot? Acquired or sold a piece of adjoining property? Leased a second location or storage space? Though some changes may seem small, they can impact your overall risk, so it’s important to have just the right coverage to match.

The Lockton Affinity difference:

With Lockton Affinity, you can get coverage and limits that are made just for franchises. Our franchise risk experts can help you tailor an insurance solution that covers everything you need and nothing you don’t. Plus, we do it all with efficient processes that service your needs so you can get back to running your business.


Meeting Your Insurance Needs Now and in the Future

Lockton Affinity has been offering best-in-class insurance solutions for franchises like yours for more than 35 years, so our dedicated team understands the risks you face.

Help protect your franchise’s future and meet your insurance needs with Lockton Affinity. Get started today.