PODCAST EPISODE 154: LLOYD’S OF LONDON, WHERE INCOME IS KING WITH ROBERT CLARK

EPISODE SUMMARY

In this episode of Your Business, Your Wealth, Paul and Cory welcome Robert Clark to the show. Robert is the regional Vice President at Petersen International, the largest cover writer of surplus lines of Lloyd’s of London. Paul, Cory and Robert discuss the history of Lloyd’s of London, the world’s leading specialist insurance market. They talk about some of the largest risks and policies Lloyd’s has ever insured. Finally, they delve deep into the importance of disability insurance to high-income earners and entrepreneurs.

WHAT WAS COVERED

  • 01:34 – Today’s topic: Insurance and Surplus Lines
  • 02:24 – Introducing today’s guest, Robert Clark
  • 03:06 – Robert provides some history on Lloyd’s of London
  • 05:45 – The craziest thing Lloyd’s of London has ever insured
  • 09:08 – The largest premium Robert has ever seen a client pay for insurance
  • 10:23 – Why a high-income earner or entrepreneur should be protecting their income against sickness or injury
  • 12:38 – The difference between how doctors and entrepreneurs view disability insurance
  • 18:05 – What clients should look for in a disability insurance policy
  • 22:24 – Paul interrupts the podcast to provide the audience with a special offer
  • 23:45 – The most common mistake insurance advisors make when it comes to income protection
  • 27:44 – What the ideal candidate looks like for Petersen’s and Lloyd’s
  • 29:03 – Instances where substandard clients come into play
  • 30:53 – Types of insurance companies can get for their executives without underwriting
  • 34:08 – Paul leaves the audience with some actionable advice
  • 35:35 – Paul announces a special giveaway to those who leave a podcast review

TWEETABLES

LINKS

Lloyd’s of London Website

Robert’s LinkedIn

Sound Financial Group’s Website for a Financial Inquiry Call – Info@sfgwa.com (Inquiry in the subject)

Your Business Your Wealth on Instagram

Your Business Your Wealth on Facebook

Sound Financial Group on LinkedIn

Paul Adam’s on LinkedIn

Cory Shepherd on LinkedIn

Cape Not Required (Cory’s Book)

Sound Financial Advice (Paul’s Book)

Clockwork: Design Your Business to Run Itself

Mike Michalowicz’s Book – Profit First: Transform Your Business from a Cash-Eating Monster to a Money-Making Machine

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MUSIC CREDITS

“Legends Are Made” Copyright 2017. Music, arrangement and lyrics by Sam Tinnesz, Savage Youth Music Publishing SESAC and Matt Bronleewe, UNSECRET Songs SESAC

ATTACHMENTS

PRODUCTION CREDITS

Podcast production and marketing by FullCast

Recorded using Switcher Studio: sales@switcherstudio.com