147 - What You're Probably Not Considering with Your Insurance Policies with Brian McPherson

Written By Guest User

With all of the stress that comes with running a business, it's easy to overlook one of the most crucial aspects - insurance. But, before you jump into the whole idea of getting one, do you know what kinds of coverages are available with insurance policies and how to make the most of them? Stay tuned!


Time Stamps

  • 00:19 - Episode Intro

  • 01:43 - Intro to Brian McPherson

  • 03:34 - Why You Need Business Insurance

  • 06:16 - Financial Damaging Holes to Look Out For

  • 08:55 - Endorsements on Business Owner's Policy

  • 10:38 - Things to Consider When Getting an Insurance

  • 16:23 - Other Categories of Insurance

  • 18:16 - Business Interruption Insurance

  • 22:24 - Cyber Liability Insurance

  • 23:54 - Employment Practices Liability Insurance

  • 24:28 - Having Morethan One Policy Coverage

  • 25:07 - Errors & Omissions Coverage

  • 26:56 - Workers' Compensation 

  • 31:09 - Why Having a Trusted Team is Important

  • 32:08 - Liability Exposures 

  • 38:16 - How Often Should You Contact Your Insurance Provider?

  • 41:30 - What to Look for in an Insurance Advisor

  • 47:20 - Get in Touch with Brian McPherson

Quotable Moments

  • “ I think most agents try to do their best they can to help a business owner. It is important that we have all of the pertinent information to go on; at the same time it's important that those lines of communication flow both ways” - Brian McPherson

  • “As the business owner, you want to know where your exposures are, where your risks are, what your liability limits are, versus relying on an employee’s personal car insurance policy. That's not the greatest approach.” - Brian McPherson

  • “There's a number of coverages or policies or endorsements that are important to certain types of business; Cyber liability would be one of those.”  - Brian McPherson

  • “There's no experience quite like experience, right? Especially the bad, expensive kind.” - Brian McPherson

  • “You have to have, in my opinion, an advisor who can walk you through, tell you about the options, and at least give you the information to make a decision.” - Martin Holland

Resources

More from Brian McPherson

More from Martin

More from Khalil

More from The Cashflow Contractor

Guest User
Previous

148 - Southwest Airlines, ChatGPT, & Qualified Leads
Next

146 - Conducting a Year-End Review for Your Company