08.27.2021 - By Chip Griffin and Gini Dietrich
In this episode, Chip and Gini talk about insurance. Right up there with legal and accounting when it comes to favorite topics for agency owners.
As painful as it may be to talk about, insurance is something that we all need to understand and consider.
Balancing the risks with the costs isn’t always easy, but Chip and Gini offer up some perspective for you to consider.
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Chip Griffin
Hello, and welcome to the Agency Leadership Podcast. I’m Chip Griffin,
Gini Dietrich
and I’m Gini Dietrich,
Chip Griffin
and today we’re going to ensure that you have a good time.
Gini Dietrich
And I think you use that incorrectly.
Chip Griffin
I absolutely use correctly and, and just before we get any notes and someone like Judy points out, my grammar is wrong. I know, I did it for fun, because
Gini Dietrich
I liked I liked it, you went to the opening as fast as you could, so that I couldn’t make fun of you. That was
Chip Griffin
I knew I was gonna get it on the backend. I had full confidence because I have full confidence in your ability to master the English language and know that ensure and ensure are different things.
Gini Dietrich
Ensure.
Chip Griffin
Yeah, and then if you you know capitalize the E, then you’ve got a brand name. And
Gini Dietrich
that’s true, right?
Chip Griffin
Yes, but no, we’re going to talk about something super exciting. I mean, this, this may be right up there with when we’ve talked about lawyers and accountants, we’re going to talk about insurance today. Yay. For you not off, I’m going to encourage you to listen, because there’s a lot of things you may not be thinking about that you should be.
Gini Dietrich
Yes. So in the Spin Sucks community, we got the question. As an agency owner, should I have professional liability? And I said, Yes. The end? Like Thanks for your help.
Chip Griffin
And of course, the answer is yes. There are some asterisks to this, because you should have it, you’ll probably never use it. You may need to have it to get some clients. Yes. If you ever tried to use it, you’ll probably be denied. But you should still have it.
Gini Dietrich
You should have it. Yes. Just like not very expensive. It is not No, it’s not very expensive.
Chip Griffin
It makes life easier when you do have that big client that comes along and they require insurance to work for them. A lot of these requirements are stupid. They’re nonsensical. But guess what? For like 80 bucks a month or less? In some cases, you can cover all your bases.
Gini Dietrich
Yeah, I mean, you can think about professional you can think about our errors and omissions. There’s a lot that you can you can do in that package, business liability, all of that,