Lockton Affinity, LLC, Author at LA Inventory

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So far Lockton Affinity, LLC has created 6 blog entries.

3 Inventory Claim Examples and How to Prevent Them

There are numerous risks inventory businesses face. From theft to severe weather damage, your business can experience a wide variety of inventory damage. Read on to learn three recent claim examples from our insured dealers and how you can protect your business against similar claims. Inventory Claim Examples: Partial Theft The claim: A manufactured home [...]

By | August 1st, 2022|Risk management|

Tips to File a Claim from Lockton Affinity

Despite your commitment to risk management and proper procedures to protect your inventory, claims can happen. When an incident occurs, avoid the panic. Save this article on claims support from Lockton Affinity to ensure you remember how to respond to a claim correctly and efficiently if the time comes. Decide to file a claim It [...]

By | May 31st, 2022|Insurance tips|

Tornado Safety for Inventory Businesses

According to the National Oceanic and Atmospheric Administration (NOAA), about 1,200 tornadoes hit the U.S. each year. As one of nature’s most violent storms that can cause death, injury and destruction within seconds, it is crucial to have a plan in place to protect your staff and customers in the event of severe weather. Tornado [...]

By | March 21st, 2022|Risk management|

Flood Risks for Inventory Businesses

Floods happen quickly and the conditions for flash flooding aren’t always obvious. In 2022, flood repair costs for businesses are expected to top $13.5 billion and cause more than 3 million days of lost business operation combined. Exposure to water quickly causes damage, which is why it’s important for inventory businesses to know the risks [...]

By | February 7th, 2022|Risk management|

Inventory Insurance 101

Inventory insurance can be confusing. There are a lot of terms and conditions you won't hear in everyday conversation, meaning it can sometimes feel like you're reading a different language. With our Inventory Insurance 101, you will be able understand the terminology, so you feel confident about your choice of insurance and how to go [...]

By | September 30th, 2021|Insurance tips|

Reducing Inventory Fire Damage

Fire risk exists on a continual basis for the inventory industry. According to NFPA, the National Fire Protection Association, there’s little variation by month, day of the week and time of day when it comes to the average number of inventory fires. Fire sources run the gamut, from arson to lightning to equipment failure, although some [...]

By | September 30th, 2021|Risk management|