Thank you to Uncommon Cents Investing for having me as a guest on their WCLO Janesville podcast last week.
We discussed important insurance considerations for businesses who are providing unique services during the pandemic (such as delivery), as well as ways to protect your assets in the event of an accident/injury.
If you missed it, you can listen to the podcast here: https://bit.ly/2Yq1hFl
Can’t listen right now? Here’s a preview of some of the points covered:
- Most people who’ve never been in a serious accident fail to realize just how important your actions before the accident are. You must have sufficient insurance coverage – or be “lucky” enough to be injured by someone who does have sufficient coverage. If not, you won’t be able to recover enough money for all of your losses.
- Using your home and personal vehicle for business purposes can affect insurance coverage – and Wisconsin’s current Emergency Order through March 21, 2022 can also affect your coverage.
- Most people are woefully underinsured but believe they have good coverage. Many people have only the minimum or no insurance at all.
- If you’ve been injured in an accident someone else caused, the liable insurance company won’t do anything for you until you’re fully recovered (or as close to a full recovery as possible). There’s no “advance money” to help you survive weeks or months in the hospital, or not working. You may not receive any compensation from the liability insurer for quite some time.
Have you been hurt in an accident? Do you have questions about how to protect yourself and your financial future?