In this episode of Stride 2 Freedom, we chatted with David Fain, an expert insurance specialist with MCM Insurance, who has 18+ years of experience in protecting individuals and their assets with insurance. We discussed how business owners can utilize insurance to better protect their assets, the common obstacles business owners face, and how David helps them jump these hurdles with ease.
During our discussion, he explains that in its simplest terms, insurance buys us time to ensure our families and businesses can survive and thrive no matter what life throws our way, along with protecting our gifts and skills. And what may come as a surprise to many, is that these insurance policies are quite competitive in pricing and much more affordable for a business to take on than one may expect. Now more than ever is the opportune time to reassess not only the agreements your business is currently in but to review the funding behind those agreements to make sure they’re current, up to date, and still working for you in 2020 and beyond.
Outside of business policies, personal insurance is one of those things entrepreneurs and business owners tend to overlook. We’re just busy in the mayhem of keeping our organizations afloat and managing the day to day business needs, whether it’s employee payroll, managing projects, or a number of other responsibilities we face. Things like planning for life insurance, disability, or long term care aren’t exactly on an entrepreneur’s radar until much later down the road. But truth be told, asking “What if?” is incredibly important to protect our families, businesses, and of course, ourselves. David shares his personal experiences in helping business owners to provide insight into why they should be considering protecting their assets much earlier in the game instead of when an incident occurs. Enjoy today’s incredibly informative conversation!
Who should I interview next? Please let me know.
In this Freedom Speaker Series episode with David Fain, you will learn:
- How to utilize insurance to increase confidence in your security and financial future
- The difference between various type of insurance policies business owners should consider
- How to prioritize the options between these insurance policy options
- Why it’s so important to consider protecting your assets from day one
We are fortunate to have David available to spend time with us on this edition of Stride 2 Freedom. If there is a speaker you’d like us to interview, let us know. Stay well. Stay safe. Stay healthy.
Show Notes and Links From Episode:
David Fain LinkedIn
MCM Insurance
Episode Transcript:
Podcast: The Value of Insurance for Business Owners with David Fain
