Franchise organizations face a lot of risks — physical damage to property, liability for customer injuries, employee injury, cyber attacks and more. While insurance exists to protect your business against the costs of these types of incidents, your organization can help prevent them from occurring in the first place. Read on to explore 4 risk [...]
Each October, organizations like the National Fire Protection Association (NFPA), Occupational Safety and Health Administration (OSHA) and others observe Fire Prevention Week and Month by spreading fire safety awareness and helping protect homes, businesses and people. The annual event began in 1911 to commemorate the Great Chicago Fire, a fire that killed approximately 300 people [...]
Whatever part of the country your business is in, severe weather can impact your operations throughout the year. Consider these statistics on severe weather from the National Oceanic and Atmospheric Administration (NOAA): About 1,200 tornadoes hit the U.S. each year. 100,000 thunderstorms occur each year in the U.S. and 10% reach severe levels. Damaging winds [...]
Hiring and retaining quality employees has long been a challenge for franchise 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 so carefully [...]
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 [...]
Even the safest organization will experience a workplace injury from time to time. Whether it’s a minor paper cut or a gash requiring stitches, your business should have a prevention and reaction plan in place for employee injuries of all kinds. Preventing Workplace Injuries — Implementing an Injury Prevention Program An injury prevention program is [...]
These five common claims against personal care businesses can greatly impact your business, so it is important to be prepared. Read on to learn about common claim examples and how you can prevent them at your franchise. Five Common Claims Against Personal Care Businesses — Property Claims Property claims go hand in hand with a [...]
WellBiz Brands are all about supporting clients in their healthy and balanced lifestyle. While your business promotes health and wellness in its own way, there may be an unusual risk to that goal—product safety concerns. Whether through equipment malfunction or reactions to certain cosmetic products, there are product safety concerns that can impact your business. [...]
You hire talented, trained, certified employees. But do you stay on top of your employee’s certifications? Certification durations vary from state to state and profession to profession, but many states have a two-year renewal cycle. Maintaining your employees’ certifications not only helps your business offer the safest, cleanest care—it also protects your business against claims. [...]
With products to cover your employees, professional reputation, property, financial security and more, Lockton Affinity’s WellBiz Brands Insurance Program offers all the custom insurance solutions you need to meet your franchise requirements—complemented by best-in-class service. Available insurance products The following policies are available to all WellBiz franchisees. Property—Covers against most risks to property, such as [...]