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 [...]
There are unique challenges that come with running a business. Competition is stiff, keeping clients happy is tough, and finding and keeping good employees is a daily challenge. But there is another risk you may not be thinking about — theft committed by employees. Employee theft can present a significant risk, even more so than [...]
Over the last few years, the number of cyber attacks threatening small businesses has increased. Small businesses are a favorite target and your business is at risk whether you are answering email, operating the point of sale system, storing files or managing your website. Most recently, hackers have been focused on stealing money directly from [...]
The success of your business depends on two things: your people and your studio. With business insurance, you can help protect them both. Imagine if there were a serious accident, fire or theft at the studio. As a business owner, you know that accidents and injuries can result in lawsuits that are expensive, stressful and [...]
As a franchise owner, you know that things don't always go according to plan. Knowing the risks your business faces can help you be better prepared. While it's true success always involves some level of risk, managing your risk helps minimize the likelihood of a serious accident or liability lawsuit and protects the safety of [...]