Risk management Archives - Wellbiz

4 Tips to Improve Hiring Practices and Reduce Turnover

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 [...]

By | January 25th, 2024|Franchise insurance, Risk management|0 Comments

How Your Insurance Needs May Change from Year to Year

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 [...]

By | November 22nd, 2023|Risk management|0 Comments

Preventing and Preparing for Workplace Injuries

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 [...]

By | July 12th, 2023|Franchise safety, Risk management|0 Comments

Five Common Claims Against Personal Care Businesses

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 [...]

By | June 1st, 2023|Risk management|0 Comments

Managing Product Safety Concerns for WellBiz Franchisees

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. [...]

By | March 23rd, 2023|Franchise safety, Risk management|0 Comments

Reducing Franchise Risk: Managing Employee Certifications

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. [...]

By | December 5th, 2022|Franchise safety, Risk management|0 Comments

Insurance designed for WellBiz Franchises

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 [...]

By | September 19th, 2022|Franchise insurance, Risk management|0 Comments

Would Equipment Malfunction Break Your Business?

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 [...]

By | July 21st, 2022|Franchise safety, Risk management|0 Comments

Preventing Employee and Customer Injuries

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 [...]

By | June 14th, 2022|Franchise safety, Risk management|0 Comments

The Best Tips for Hiring and Firing to Minimize EPL Risk

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 [...]

By | April 29th, 2022|Insurance tips, Risk management|0 Comments