1. Insurance Essentials for Startups
   • Why new businesses pay higher premiums for the first three years, the importance of building clean loss history, and how to budget for insurance costs when every penny counts.
2. Scaling Your Business with Insurance Strategy
   • Understanding insurance audits, the critical importance of keeping your agent informed during growth phases, and how to avoid surprise audit bills that can disrupt cash flow.
3. Choosing the Right Insurance Partner
   • The difference between insurance brokers and captive agents, why having a trusted advisor matters more than a 1-800 number, and how the right relationship can save you time, money, and headaches.

1. Get Insurance Early, Even When It Hurts
   • Startup insurance is more expensive, but building 2-3 years of clean loss history gives you significantly more bargaining power and flexibility with carriers. Start as soon as you launch your business to begin building that track record.
2. Your Insurance Agent Should Be on Speed Dial
   • Don't wait for annual renewals. When you're scaling and making significant changes (hiring employees, increasing sales, expanding operations), call your agent immediately for midterm endorsements. This prevents massive surprise audit bills at year-end.
3. Find Your Broker and Let Them Run
   • Independent insurance brokers can shop multiple carriers on your behalf, unlike captive agents tied to one company. Find a broker you trust through referrals from other successful business owners, then build a long-term relationship where they know your business inside and out.

https://www.linkedin.com/in/mikebabcock/

What You Need to Grow Podcast is presented by Badass Podcast Mastery and Jennie Bellinger, C.P.C.

Sign up for email notifications at https://whatyouneedtogrow.com

Get all our guest's gifts in the Gift Vault at https://whatyouneedtogrow.com/giftvault

Want to get paid to share your message with the world? What if you could ALSO build your business at the same time?

Check out “How I Monetize My Podcasts 7 Ways” webinar replay and learn how YOUR podcast could be monetized in 90 days without chasing corporate sponsors or building a massive audience. Access the replay here: https://webinar.badasspodcastmastery.com/registration

Want to connect with Jennie Bellinger?

Email: jennie@badassdirectsalesmastery.com

Website: https://whatyouneedtogrow.com

Text: 1-618-920-9837

You can be a featured expert on What You Need to Grow!

Go check out why you should be on the show:

https://podcast.whatyouneedtogrow.com/whyyoushouldbeaguestwyntg