Episode 122: Business Insurance Basics

Whether you are new to business ownership or have been in business for decades, your BUSINESS insurance is one of the most important, albeit, least interesting pieces of your financial puzzle.

In this episode we talk about the basics of insurance terms such as:

1. Indemnity

2. Risk retention, risk avoidance, risk transfer, and risk reduction.

3. Certificates of liability

4. Additional insureds.

Most importantly, it is incredibly important that you are working with a competent insurance professional who can advise you of what some of your risks are and how to cover them (or retain the risk, if you choose).

If you have any insurance questions, email Jessica Owens, PLCS at [email protected]

If you have ever wondered what it might be like to work with David Chudyk as your financial advisor, go to http://www.weeklywealthpodcast.com/contact

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#insurance