From Tax to Protection: How Insurance Can Save You Thousands

Healthy Wealthy & Wise Accountants

If you think rising premiums guarantee better protection, think again. Mick Hunt and Andrew Ryan join Heidi Henderson to expose the hidden risks of commoditized insurance and reveal how top-tier service makes all the difference.

Website: www.engineeredinsuranceservices.com

Summary
In this episode, Heidi Henderson hosts Mick Hunt and Andrew Ryan to discuss the launch of Engineered Insurance Services. They explore the need for a fresh perspective in the insurance industry, emphasizing a client-centric approach and the importance of risk management. The conversation delves into common mistakes business owners make regarding insurance coverage, the rising threat of cyber insurance, and the role of technology in enhancing insurance solutions. They also discuss the collaboration with CPAs to provide added value to clients and the current trends affecting the insurance market, including the impact of natural disasters on rates. The episode concludes with insights on work-life balance and the positive shifts in the insurance industry.

Guest Information

Name: Mick Hunt

Email: [email protected]

Phone Number [phone]
Website: www.mickhuntofficial.com

LinkedIn: MickHunt

Instagram: @mickunplugged

Name: Andrew Ryan

Email: [email protected]

Phone Number: [phone]

Website: www.engineeredinsuranceservices.com

Facebook: https://www.facebook.com/andrew.k.ryan

Linkedin: https://www.linkedin.com/in/andrewryanins/

Instagram: https://www.instagram.com/andrewkryan

Takeaways

• Insurance should be viewed as a strategic asset.
• Understanding the 'why' behind insurance is crucial.
• Cyber insurance is a growing necessity for businesses.
• A client-centric approach is essential in insurance.
• Proactive risk management can save businesses money.
• Collaboration with CPAs can enhance client value.
• Technology is transforming the insurance landscape.
• Emotional intelligence is becoming important in leadership.
• Starting the insurance process early is key to success.
• The insurance industry is evolving with new challenges and opportunities.

Chapters
00:00 Introduction to Engineered Insurance Services
06:24 The Consultative Approach in Insurance
09:12 Understanding the Importance of Company Culture
12:08 Common Oversights in Insurance Coverage
15:14 The Role of Education in Risk Management
18:13 Differentiating from Traditional Insurance Brokers
21:08 Collaborating with CPAs for Enhanced Client Value
25:50 Maximizing Client Information for Better Insurance Rates
27:42 Proactive Insurance Management: Key Questions for Clients
32:07 Current Trends in the Insurance Industry
33:31 Navigating Rate Changes and Market Fluctuations
37:26 The Impact of Policy Cancellations on Property Owners
40:44 Insights from the Podcast: Self-Improvement and Resilience
42:27 Positive Shifts in the Insurance Industry
44:07 The Role of AI in Transforming Insurance Practices
46:07 Balancing Work and Family Life
47:35 The Importance of Insurance in Business Strategy
48:37 Optimizing Insurance for Risk Management
48:45 Podcast End