Cyber insurance has come a long way since the first coverages were added to other policy forms in the 1990s. Traditionally, cyber coverages were only considered necessary in the technology industry — or for those providing technology-related professional services. In the digital age, the growth of cyber risk exposures across all industries has led to [...]
Small businesses face many risks — physical damage to property, liability for customer injuries, employee injuries, cyber attacks and more. While insurance exists to protect your business against the costs of these types of incidents, your business can also do a lot to help prevent them in the first place. These four simple risk management plans [...]
Exposure to even a small amount of water can quickly result in damage to your franchise’s property. For insurers, water damage is one of the most common types of property claims, initiating somewhere between 15% and 50% of commercial property loss claims and resulting in bills from $10,000 to more than $1 million, depending on [...]
A small business that uses vehicles as part of its operations faces certain risks that other businesses don’t. The right commercial auto insurance policy makes sure you’re protected so that you can get back to focusing on your business. What Is Commercial Auto and How Does It Work? Commercial auto is a type of insurance designed [...]
Every morning you open for business, there’s the opportunity for a lot of things to go right. Most days, they do. But every so often, you’ll have a day when something goes wrong. When it does, having the right insurance coverage will be important. Today’s businesses face many different kinds of risks, making the need [...]
Your franchise relies on equipment every day. Beyond specialized tools, there is equipment like HVAC systems, computers and more critical to running your business. If your equipment were to malfunction or break, it could disrupt your day-to-day operations. But with the right maintenance and preparation, you can keep your business running smoothly. Preparation Tactics for [...]
Hiring and retaining quality employees has long been a challenge for franchises and small 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 [...]
Even the safest organization will experience a workplace injury from time to time, whether a cut requiring stitches, a strain from repetitive actions or a broken bone from a fall. To help protect your employees and business, implement a prevention and reaction plan. Preventing Workplace Injuries — Implementing an Injury Prevention Program An injury [...]
Labor costs, supply chain disruptions, gas prices, interest rates and more all contribute to the impact of inflation. Not only is the average consumer experiencing these challenges, but so are franchise businesses. According to an article by the U.S. Chamber of Commerce, inflation has topped the list of challenges for small business owners for the [...]
Cyber attacks have become commonplace for businesses in all industries. With rising frequency and growing costs associated with attacks, businesses need to implement cyber prevention and response plans. Without a cyber attack response plan in place, confusion over how to respond may worsen the attack, lead to mistakes by your organization that increase liability and [...]