Risk management Archives - IDQ

Common Cyber Liability Risks and How to Protect Against Them

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

By | September 18th, 2023|Franchise safety, Risk management|0 Comments

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 [...]

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|Risk management|0 Comments

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|Quick service industry, Risk management|0 Comments

How to Improve Cyber Security in Just One Month

Cyber security is important all year long, but for a busy business like yours, it may be hard to focus on. Perhaps you worry it will take too much time or money, or feel a topic like cyber security is best left to the experts. But as it turns out, taking control of your cyber [...]

By | October 13th, 2022|Quick service industry, Risk management|0 Comments

Implementing a Severe Weather Plan for Small Businesses

Whatever part of the country your business is in, severe weather can impact your operations throughout the year. Consider these statistics on severe weather from the National Oceanic and Atmospheric Administration (NOAA): About 1,200 tornadoes hit the U.S. each year. 100,000 thunderstorms occur each year in the U.S. and 10% reach severe levels. Damaging winds [...]

By | July 15th, 2022|Franchise safety, Risk management|0 Comments

The Importance of HVAC Maintenance

As the summer heat wave begins, it’s a good time to consider your business’s HVAC system and its maintenance. Well-maintained HVAC equipment can reduce energy loss and save your business money on operating costs. It also helps keep your business safe and pleasant: The correct temperature provides a comfortable experience for guests and employees. Air [...]

By | June 28th, 2022|Franchise safety, Risk management|0 Comments

Cyber Liability Insurance for Franchises

Over the last few years, franchises have become a favorite target of cyber criminals. Hackers have stolen password credentials, franchise business records and customer credit card data from some of the biggest names in the industry. The consequences of a hack are serious. Consider these recent statistics: The average cost of a data breach for [...]

By | May 23rd, 2022|Franchise safety, Risk management|0 Comments

Fire Safety for Franchises

Fire safety for franchises is crucial. According to the National Fire Protection Association (NFPA), more than 8,000 structure fires in eating and drinking establishments are reported to U.S. fire departments each year, causing $246 million in property damage. While cooking equipment was the leading cause in these fires, electrical distribution and heating equipment were each [...]

By | March 4th, 2022|Franchise safety, Risk management|0 Comments

Password Security: The Recipe for Better Cyber Safety

Food and beverage sector businesses are increasingly experiencing disruptions, not only from the pandemic, but from hackers as well. Cybercrime is at an all-time high in many industries, and with fewer security controls, food-based businesses are facing more than their fair share. Password security is your best recipe for cyber safety, protecting all your data, [...]

By | January 20th, 2022|Risk management, Uncategorized|0 Comments