Lockton Affinity, LLC, Author at RSCS

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So far Lockton Affinity, LLC has created 39 blog entries.

Workplace Injuries and their Impact on Mental Health

Working at a franchise can be physically and emotionally demanding. Compared to other industries, occupational injury risk is high. In fact, the U.S. Bureau of Labor Statistics states that workers in food services had higher rates of injuries like sprains, strains, tears, cuts, lacerations, punctures and thermal burns, compared to all workers. While physical injuries [...]

By | May 28th, 2024|Risk management|Comments Off on Workplace Injuries and their Impact on Mental Health

Curbing Inflation’s Impact on Business

Inflation has slowed significantly since June of 2022, when inflation hit a 40-year high in the U.S. According to the US Bureau of Labor Statistics (BLS), the average annual inflation rate is down from 8.0% in 2022 to 4.1% in 2023, with 3.0% expected in 2024. Though inflation is trending down, consumers and businesses may [...]

By | March 27th, 2024|Insurance tips|Comments Off on Curbing Inflation’s Impact on Business

4 Tips to Improve Hiring Practices and Reduce Turnover

Hiring and retaining quality employees has long been a challenge in the industry, 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|Quick service insurance, Risk management|Comments Off on 4 Tips to Improve Hiring Practices and Reduce Turnover

Why Businesses Need Business Interruption Insurance

If your small business operations were interrupted, would you be able to bounce back right away? For 9 out of 10 small businesses, the answer is no. According to FEMA, being forced to close for just five days can cause the majority of small businesses to fail within a year. But if your business were [...]

By | December 5th, 2023|Quick service insurance|Comments Off on Why Businesses Need Business Interruption Insurance

Common Cyber Liability Risks and How to Protect Against Them

As a business operating in today's digitally connected world, your business faces several cyber liability risks. Typically, most associations do not consider themselves at risk for a cyber attack and have failed to take measures to secure their systems and data. For associations like you, cyber crime is expensive, causing damage or destruction to your [...]

By | September 18th, 2023|Franchise safety, Risk management|Comments Off on Common Cyber Liability Risks and How to Protect Against Them

How to Prevent Equipment Malfunction for Franchise Businesses

Your franchise relies on equipment every day for every customer, but how to prevent equipment malfunction? Freezers, fryers, grills, ovens, ice machines and other appliances can break down regularly and at a high cost. Beyond appliances, HVAC systems, computers and point-of-sale systems that are critical to running your business can also fail. If your equipment [...]

By | July 12th, 2023|Franchise safety, Risk management|Comments Off on How to Prevent Equipment Malfunction for Franchise Businesses

Why Business Insurance Rates Vary from Insurance Provider to Insurance Provider

Business insurance may seem cut and dry, so why the variance in rates from provider to provider? There are many factors that contribute to insurance rates, including coverage and limit options, claim frequency and more. Factors that Cause Business Insurance Rates to Vary Insurance policies and their rates vary from company to company. While you [...]

By | May 10th, 2023|Insurance information, Insurance tips|Comments Off on Why Business Insurance Rates Vary from Insurance Provider to Insurance Provider

Lockton Affinity’s RSCS Insurance Program Benefits

The insurance market is saturated with partners looking to provide workers’ compensation, property, general liability, employment practices liability and several more types of insurance. With so many options available, it can be overwhelming to find a trustworthy, dedicated insurance partner that meets your franchise’s needs affordably. Read on to learn how Lockton Affinity worked directly [...]

By | March 23rd, 2023|Insurance tips, Quick service industry, Quick service insurance|Comments Off on Lockton Affinity’s RSCS Insurance Program Benefits

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 more serious cut requiring stitches, your business should have a prevention and reaction plan in place for injuries. Preventing Workplace Injuries — Implementing an Injury Prevention Program An injury prevention program is a proactive [...]

By | January 23rd, 2023|Quick service industry, Risk management|Comments Off on Preventing and Preparing for Workplace Injuries

Preventing Customer Injuries: Reducing Slip and Trip Hazards

One of the greatest risks of injury to customers at your business is slip and trip hazards. And these risks are not just a hazard to your customers—traditionally, these incidents make up a large percentage of claims against franchise organizations. A simple internet search of “slip claim restaurant” pulls up dozens of law firms eager [...]

By | November 18th, 2022|Franchise safety, Risk management|Comments Off on Preventing Customer Injuries: Reducing Slip and Trip Hazards