A small business that uses vehicles as part of its operations faces certain risks that other businesses don’t. The right commercial auto insurance policy makes sure you’re protected so that you can get back to focusing on your business. What Is Commercial Auto and How Does It Work? Commercial auto is a type of insurance [...]
Every morning you open for business, there’s the opportunity for a lot of things to go right. Most days, they do. But every so often, you’ll have a day when something goes wrong. When it does, having the right insurance coverage will be important. Today’s businesses face many different kinds of risks, making the need [...]
Your franchise relies on equipment every day. Beyond specialized tools, there is equipment like HVAC systems, computers and more critical to running your business. If your equipment were to malfunction or break, it could disrupt your day-to-day operations. But with the right maintenance and preparation, you can keep your business running smoothly. Preparation Tactics for [...]
Hiring and retaining quality employees has long been a challenge for franchises and small businesses, as recruiting resources can be low and finding the time for the process can be tricky. Increasing minimum wage and a competitive job market has made things even harder, with many companies responding by changing how they hire. But doing [...]
Even the safest organization will experience a workplace injury from time to time, whether a cut requiring stitches, a strain from repetitive actions or a broken bone from a fall. To help protect your employees and business, implement a prevention and reaction plan. Preventing Workplace Injuries — Implementing an Injury Prevention Program An injury [...]
Labor costs, supply chain disruptions, gas prices, interest rates and more all contribute to the impact of inflation. Not only is the average consumer experiencing these challenges, but so are franchise businesses. According to an article by the U.S. Chamber of Commerce, inflation has topped the list of challenges for small business owners for the [...]
Cyber attacks have become commonplace for businesses in all industries. With rising frequency and growing costs associated with attacks, businesses need to implement cyber prevention and response plans. Without a cyber attack response plan in place, confusion over how to respond may worsen the attack, lead to mistakes by your organization that increase liability and [...]
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 [...]
Choosing franchise insurance can feel overwhelming. Workers’ compensation, business auto, property, liability, business interruption, cyber liability, umbrella liability—it can seem that there are endless insurance policies offered to your business. But which policies do you actually need? When buying your business insurance, it can be helpful to follow these guidelines to ensure you have the [...]
Despite your commitment to risk management and proper procedures to protect your business, claims can happen. When an incident occurs, avoid the panic. Save this article to ensure you remember how to respond to a claim correctly and efficiently if the time comes. Decide to file a claim It can be difficult to gauge which [...]