Your WellBiz franchise relies on equipment every day at every appointment. Hair styling tools, massage chairs, esthetician beds, heaters, training equipment and more, these products are required to operate your business. Beyond specialized tools, there is equipment like HVAC systems, computers and more critical to running your business. If your equipment were to malfunction or [...]
While there are insurance policies in place to protect your business from incurring the costs associated with employee and customer injuries, doing all you can to prevent these injuries is important. Consider the following tips on preventing employee and customer injuries. Preventing Employee Injuries Preventing employee injuries not only protects your employees’ mental and physical [...]
As business cycles ebb and flow, companies must make important decisions about hiring and firing to minimize EPL risk. By taking the right actions as an employer, you can improve your workplace culture and productivity with new hires, and ease transitions for employees after separation. However, it’s important to recognize the risk that employment practices [...]
The importance of multi-factor authentication and password security is critical. Often, it is your best line of defense for protecting your business from data breaches, network intrusions, malware and viruses. It can also minimize your risk of the lawsuits, fines and bad publicity that can accompany a data breach. Here’s what to know about the [...]
Lots of studios start out small. But as you hire more employees or open new locations, it’s important your workers’ compensation coverage keeps pace with your growth. Understanding workers’ compensation for your studio is important and helps ensure you manage risk and stay compliant. Here’s what to know: Workers’ Compensation Covers Workers’ compensation insurance provides [...]
Insurance isn’t like most products you buy — your policy might stay “in the box” quite a while before you need it. With such a big gap between your purchase and needing access to your insurance, it may be hard to remember how to report a claim. Luckily, the claim process for Lockton Affinity is [...]
Over the last few years, small businesses have become a favorite target of cyber criminals. Hackers have stolen password credentials, business records and customer credit card data from some of the most unlikely targets. The consequences of a hack are serious. Claims and legal fees routinely cost businesses more than $1 million and the damage [...]
Businesses face many risks these days, including ones you wouldn't have had a second thought about a few years ago. Accusations of sexual abuse and molestation are one such risk businesses now have to think about protecting against. The best approach when it comes to this business risk is not to wait for something to [...]
Most people know what it's like to slip on a patch of ice or trip over a step when you're out and about. If you're lucky, it's nothing serious, and you can walk away with just a bit of embarrassment. However, broken bones, head injuries and worse are common enough outcomes that slips, trips and [...]
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 [...]