Some insurance policies like property or auto insurance are pretty self-explanatory. But other common coverage options can require a bit of an explanation. General Liability Insurance and Umbrella Liability Insurance are two common types of coverage for WellBiz franchises. These two liability policies are very similar, however there are a few key differences. In short, [...]
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 [...]
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 [...]
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 [...]
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 [...]