Insurance tips Archives - IDQ

The Journey of Your Insurance Policy

Understanding the inner workings of how an insurance policy is written and managed can be helpful whether you're shopping for new insurance or already have coverage in place. In this blog, we'll walk you through the process your Lockton Affinity policy goes through to give you an idea of what to expect. From the moment [...]

By | April 27th, 2022|Insurance tips|0 Comments

The Anatomy of EPLI for Franchises

Employment practices liability insurance protects your business from common claims and lawsuits brought by your employees. The number of lawsuits in the industry is rising and the cost to defend yourself against a claim can be substantial. Now more than ever it’s important to make sure your business is protected. Even though employment practices liability [...]

By | March 18th, 2022|Insurance tips|0 Comments

10 Insurance Terms Explained in Plain English

If it's your first time shopping for insurance for your business, insurance terms can be a real stumbling block. Even for old pros, a fresh perspective on a familiar topic can help you better understand what really matters. Here's a look at 10 common but confusing insurance terms explained in plain English to make your [...]

By | January 3rd, 2022|Insurance tips|0 Comments

5 Most Common Insurance Misconceptions

Lack of good information has led to plenty of misconceptions about franchise business insurance. We wanted to take the opportunity to set the record straight about the 5 most common insurance misconceptions out there. 1. All insurance is basically the same. It’s a common insurance misconception that all insurance is basically the same. The thought [...]

By | September 9th, 2021|Insurance tips|0 Comments

BOPs for Fast Food Restaurants

Restaurant customers often order a combo meal, since it has everything most people need—entree, side and drink. Packaging a burger, fries and a soda into a combo meal makes a lot of sense, and it's similar to how a Business Owners Policy (BOP) works in insurance. A BOP makes it easy to get the standard [...]

By | June 29th, 2021|Insurance tips|0 Comments

Taking A Proactive Approach to Insurance Market Trends

There is high hope that 2021 will be a better year for restaurants than 2020, and with good reason. Some trends are now moving in the right direction and some market shifts appear close to their peak. Most importantly, many insurance carriers and restaurant owners are embracing a proactive approach to the challenges that remain, [...]

By | June 2nd, 2021|Insurance tips|0 Comments

Types of Employment Practices Claims

Employment practices refers to the part of your business that deals with hiring, firing and everyday workplace interactions. Employment practices liability claims alleging workplace discrimination or sexual harassment are increasingly common. In fact, the restaurant industry experiences more claims of misconduct than any other, according to the Harvard Business Review. With as many as 90% [...]

By | April 23rd, 2021|Insurance tips, Risk management|0 Comments

Slip Hazards in Restaurants and Injury Prevention

Slips and trips are a leading cause of injury at fast food restaurants across the country, and both restaurant employees and dining guests are at risk. Some slip hazards in restaurants could result in anything from a few bruises to serious injury or death. While such severe outcomes are unusual, the stakes are too high [...]

By | February 24th, 2021|Insurance tips|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 | January 14th, 2021|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