Episode-2462- Listener Feedback for 7-1-19
Podcast: Play in new window | Download (21.2MB)
Today on The Survival Podcast I answer your questions on insurance, business, side hustles, airsoft guns, tactical training, aquaculture, books, sales, building wealth, the space program and more.
Make sure if you submit content for a feedback show that you put something like “comment for jack”, “question for jack” or “article for jack” in the subject line to assure proper identification for my screening process.
Please understand I receive several hundred emails a day and can’t get them all on the air.
I also do put out a lot of information on Facebook from emails that I can’t fit on the program though so keep em coming.
Join Me Today As I Respond to Your Calls and Discuss…
- Please Call the JERK Line and be part of episode 2500
- When do you need to get insurance for a side hustle
- Communication with side hustle customers when you are on the go
- More on training with Airsoft guns
- Why I don’t recommend a “dirted bottom” for garden ponds and the alternative
- My favorite books on sales and business
- Selling the Invisible – Harry Beckwith
- Swim with the Sharks – Harvey Mackay
- Rich Dad, Poor Dad – Robert Kiyosaki
- The Psychology of Selling – Brian Tracy
- Good to Great – Jim Collins
- 7 Habits of Highly Effective People – Stephen Covey
- Leaders Eat Last – Simon Sinek
- Jonathan Livingston Seagull – Richard Bach
- The Celestine Prophecy – James Redfield
- An article that says you can’t get rich but only explains why people don’t
- Are we really going back to the moon, if we do what might it mean
Resources for today’s show…
- Follow Life With Jack on Instagram
- TSP Facebook Group
- Join the Members Brigade
- Join Our Forum
- Walking To Freedom
- The Granddaddy’s Gun Club
- Biltong for Breakfast
- Find Your TSP Facebook Group for Your State
- KeKu Call Recorder App
- Vice Article on Not Saving Money – Warning reading this article may damage your IQ
- NASA Selects Moon Landing Services
- The Story of the Johnson County War
- Johnson County War – Ned LeDoux
Sponsors of the Day
Remember to comment, chime in and tell us your thoughts, this podcast is one man’s opinion, not a lecture or sermon. Also please enter our listener appreciation contest and help spread the word about our show. Also remember you can call in your questions and comments to 866-65-THINK (866-658-4465) and you might hear yourself on the air.
Want Every Episode of TSP Ever Produced?
Remember in addition to discounts to over 40 vendors who supply stuff you are likely buying anyway, tons of free ebooks and video content, MSB Members also get every edition of The Survival Podcast ever produced in convenient zip files in blocks of 24. More info on the MSB can be found here.
For the caller with insurance questions: There are 2 policies you should have. The first is general liability. Your biggest potential liability from cleaning out basements and attics is breaking something else in the house. If you are moving something large you could bump a wall and ding the sheetrock or knock something over and break it. General liability insurance for your small business will only cost a few hundred dollars per year. The second policy you should have is commercial auto. Anyone who uses their car or truck in their business should insure their vehicles for that use. It’s more expensive than regular auto insurance but it comes with much higher liability coverage. In addition to normal driving hazards you are probably backing a truck or trailer into some tight residential driveways. Backing into things is more common than most people realize.
While I can’t answer the question IF the caller should purchase insurance, there is a specific type of coverage they ought to consider. I’ll try to keep this at a basic level so listener’s eyes don’t glaze over with boredom.
General liability insurance generally covers 2 types of claims.
First, products and completed operations. The caller probably doesn’t need to worry too much about this type of coverage for what they’re doing.
Second, premises and operations. This is, in my opinion, where the caller’s biggest exposure to liability is with the exception to the next paragraph. This would cover a situation where they were negligent on the premises of where they’re working and create an unsafe environment where bodily injury to another person. Think slip, trip, and falls.
Additionally, the caller eluded to a situation where they break an item in the home. Many general liability policies have an exclusion for “care, custody, and control” situations. For example, the caller picked up a TV to get it out of the way so they can more easily access the items to be removed from the home. While moving the TV they drop it and break the TV. Many liability policies would not cover the TV because it was in the caller’s care and control when the loss occurred.
However, coverage for this type of claim can be purchased with what’s commonly referred to as a “rider” or “endorsement”. The type of endorsement needed on a liability policy for this to be covered is called Voluntary Property Coverage. Some insurance carriers may call it something a little different but the concept is the same. There is likely to be an occurance and aggregate limits on this type of coverage. A $5,000 occurance limit with a $20,000 aggregate limit is fairly common and can be somewhat difficult to find or buy higher limits.
Only talking with a knowledgeable and experienced insurance agent or broker will help determine if insurance is needed, how much is needed, and what type of coverage is needed. I HIGHLY recommend talking with a broker who can quote a number of insurance companies for the best price and coverage as opposed to just one company (called a captive agent). If the agent gives you the used car salesman feeling, RUN AWAY!