Insurance is a topic that most people avoid talking about because it feels very boring and involves the thought of loss.

The thing that people need to understand is that Insurance is a necessary part of life and that strange things have a way of happening at very unfortunate times. This means that being prepared for catastrophic events is a critical part of life.

To be properly prepared, we must first become educated. Kevin and Doug talk about how insurance works and provide some practical tips for optimizing your profile to ensure you carry the coverage you need at the lowest total cost possible.

Kevin Baty is a broker for Hagen Hamilton Insurance Solutions. Connect with him at: [email protected]

Doug's business specializes in partnering with companies and non-profits to create value and capture cost savings without layoffs to fund growth and strengthen financial results. 

You can find out more at  www.TerminalValue.biz

You can find the audio podcast feed at www.TerminalValuePodcast.com

You can find the video podcast feed at www.youtube.com/channel/UCV5a4QbT-dXhpgb-8HJHdGg

Schedule time with Doug to talk about your business at www.MeetDoug.Biz

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[Music]

[Introduction]

Welcome to the terminal value Podcast where each episode provides in depth insight about the long term value of companies and ideas in our current world. Your host for this podcast is Doug Utberg, the founder and principal consultant for Business of Life, LLC.

Doug: Here and Kevin Baty has the auspicious honor or maybe you wouldn't say it that way.  Depending on who you are of being my insurance agent because we are going to talk about some insurance dynamics today because in my conversations with Kevin I actually learned a lot of things that were a little counterintuitive and I thought that those would be good things to share with people just because you know insurance is kind of you know a murky subject and a lot of people feel like it's pretty boring. And you know while it's not necessarily the thing that lights everybody's fire so to speak. There are some insurance things that you really should know about and I'm just gonna let one of the cats out of the bag first. The one that surprised me the most is if you see a deer crossing the road instead of swerving you're actually supposed to just plow right into the deer because if you swerve and hit a tree that's a collision claim that goes on your record. If you just hit the deer that's a comprehensive claim that doesn't change your rates and I know about that thanks to this guy right here. Kevin welcome to the terminal value podcast. 

Kevin: Thanks for having me Doug, very excited to be here and yeah the misnomer with a deer like I mean you feel for it. You don't want to.

Doug: Oh right.

Kevin: Damage your vehicle or anything but you know it's kind of tough to tell clients that if you see a deer on the road and you can't stop you just have to plow through it for your insurance safety pretty much because if you plow right through it's covered under comprehensive coverage and you know. Yes it's a claim but there's not a surcharge with it like there would be is if you left the roadway to swerve to miss a deer and you total your vehicle anyways well now it's an at-fault accident because you left the roadway. So lots of claims...