Lockton Affinity, LLC, Author at Elevanta

About Lockton Affinity, LLC

Lockton Affinity, an affiliate of Lockton Companies, was formed in 1987 to meet the dynamic, specialized insurance needs of affinity groups, non-profits, associations and franchises.

Security Systems for Reducing Employee Theft at Quick-Service Restaurants

There are unique challenges when it comes to reducing employee theft at quick-service restaurants. Margins are thin, turnover is high, and almost everything is a consumable. While many businesses focus on external theft, restaurants face a significant risk from their own employees. According to the National Restaurant Association, up to 75% of inventory shortages and [...]

By | November 6th, 2020|Insurance Tips, Risk management|0 Comments

What to Know About Third-Party Delivery Services

You may have noticed that demand in the food delivery industry is exploding. Even before COVID-19, more and more consumers were ordering delivery. With new health and safety guidelines, most quick service restaurants are considering adding delivery service or working with third-party delivery services such as DoorDash and Uber Eats. But it's important to understand [...]

By | September 30th, 2020|Insurance Tips, Risk management|0 Comments

Making the Most of Your Business’s Risk Management

A key component of running a business is managing risk. By evaluating, updating and maintaining your risk management program, you can help ensure the safety of customers and employees and reduce the chances of your business experiencing a serious accident or a liability lawsuit. Developing a Risk Management Program for Your Business A successful risk [...]

By | September 30th, 2020|Risk management|0 Comments

Risks and Benefits of Parking Lot Improvements

Parking lot improvements can make a big difference for the customer experience and curb appeal of your restaurant business. Every parking lot poses a risk for cars, pedestrians and property, as customers and employees can be involved in accidents and cause damage. Improperly maintained parking lots may pose an increased risk for your business. However, [...]

By | August 26th, 2020|Risk management|0 Comments

Preparing Restaurants for Hurricane Season

While you hope your restaurant will not face severe weather during hurricane season, it always pays to be prepared. NOAA forecasts a busy Atlantic hurricane season from June through November 2020, with 13–19 named storms and 3–6 major hurricanes. Considering the risks, proactively preparing restaurants for hurricane season is a must. Here are steps you [...]

By | August 11th, 2020|Risk management|0 Comments

FAQs about Business Insurance

Choosing insurance is one of the most important decisions you will make for your business. But coverage options can be confusing and complex. Here are answers to some of the most common FAQs about business insurance for franchise owners. FAQs about Business Insurance  What Is Business Insurance? Business insurance helps protect your company's assets from [...]

By | July 14th, 2020|Insurance Tips|0 Comments

Building a Risk Management Program

As a franchise owner, you know that things don't always go according to plan. Success in the restaurant industry always involves some amount of risk. Discover how building a successful risk management program for your franchise can help manage those risks, better protect your employees and guests from harm and shield your business from associated [...]

By | June 10th, 2020|Risk management|0 Comments

The Best Tips for Hiring and Firing to Minimize Risk

As business cycles ebb and flow, companies must make important decisions about hiring and firing. 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 carry for your business. [...]

By | May 6th, 2020|Risk management|0 Comments

The Benefits and Risks of Social Media for Franchisees

Like their customers, businesses are spending more and more time online. Many franchisees now depend on social media, with more than half of franchisees saying it's one of their top lead generation marketing channels. Social media is also a key tool for offering promotions and handling customer service. Still, franchisees report there are both benefits [...]

By | March 9th, 2020|Uncategorized|0 Comments

How to Manage the Risks of Water Damage This Winter

Water damage poses a significant risk to the business you've worked so hard to build, particularly during cold and slushy winter months. Property insurance policies provide important protection to millions of businesses like yours, but some find the options for water damage coverage confusing. To help keep your business safe and dry, it's important to [...]

By | February 6th, 2020|Uncategorized|0 Comments