Before you jump into growing your landscaping business, why is it so crucial to acquire insurance?

I remember getting into a car accident in 2007. It was indeed traumatic for me. In addition, I was sued because my insurance had expired days before the accident. Since then, I have taken it upon myself to learn all about insurance and its policies. The reality of getting sued, having to shut down a business, and losing everything in a snap isn't something anyone dreams about when running a business.

Though I'm not an insurance guy, nor do I have a multimillion-dollar company, I care about you and want you to succeed. So join me today as I share with you why you should get insurance before doing business.

 

“Before you go out and start spending money and financing things and taking your business to the next level, make sure you get properly insured and go get the proper advice, and go find all the things that you need to do and start leaning in that direction, working on those things ASAP. Run towards it like your hair’s on fire.” 

– Keith Kalfas

 

Why do you have to listen to today's episode.

 

00:59 – Being properly insured is a must in running a business. Tune in to understand why.

01:51 – Back in 2007, I got involved in a car accident. It was traumatic, having my insurance expired days before what happened. 

03:19 – Remember: You are exposing yourself to potentially unlimited liability by not being properly insured.

06:50 – Lesson learned: Before you take your business to the next level, make sure you learn everything you can about properly running a business.

 

Key Takeaways

 

“All I know is that if there’s some type of accident and you’re not properly insured, you will get the book thrown at you so hard, and there will be massive repercussions and consequences for not having insurance.”

“You should have insurance on your truck, and definitely, don’t let anybody drive your truck unless they’re insured and listed on the policy.”

“The level of risk that you’re running by not being properly insured, you are exposing yourself to potentially unlimited liability.”

 

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Resources/People Mentioned:

My Website: Official Site Keith Kalfas

My Podcast Page: The UNTRAPPED Podcast 

Garrett Sutton x Robert Kiyosaki: Own Your Own Corporation

Mike Michalowicz’s book: Profit First

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