Episode 171: Bob Lloyd

Have you ever wondered how businesses effectively manage risks to safeguard their success?
In this episode of "Grow Your Business & Grow Your Wealth," host Gary Heldt and guest Bob Lloyd, a seasoned attorney and insurance agent, delve into the crucial world of comprehensive risk management in business. Bob emphasizes the importance of identifying, assessing, and managing risks intelligently, going beyond insurance to make informed decisions that can protect a business's future.
Key Takeaways:
✅ Comprehensive Risk Management:
Comprehensive risk management is essential for businesses, involving identifying, assessing, and strategically handling potential risks.
✅ Value Beyond Insurance:
Effective risk management is more than just insurance; it's about evaluating which risks to retain and mitigate.
✅ Pandemic Exposure Coverage:
The importance of understanding coverage, including pandemic exposure coverage, and not solely focusing on insurance costs.
"Understanding the coverage you are procuring and the potential risks you are mitigating is key." - Bob Lloyd
✅ Cyber Liability Coverage:
Cyber liability coverage is vital in today's digital age, protecting against cybercrimes and ensuring operational continuity.
"Prioritizing cyber liability coverage is an investment in protecting assets and preventing substantial financial losses." - Bob Lloyd
✅ Building a Trusted Team of Advisors:
Building a team of trusted advisors, including insurance agents and lawyers, is crucial for navigating complex policies and making informed risk management decisions.
Conclusion:
Comprehensive risk management involves making well-informed decisions to protect a business's assets and future.
Building relationships with trusted advisors is key to effective risk management.
How to Reach Bob:
Connect with Bob Lloyd on LinkedIn: https://www.linkedin.com/in/bob-lloyd/
Learn more about your ad choices. Visit megaphone.fm/adchoices

Have you ever wondered how businesses effectively manage risks to safeguard their success?

In this episode of "Grow Your Business & Grow Your Wealth," host Gary Heldt and guest Bob Lloyd, a seasoned attorney and insurance agent, delve into the crucial world of comprehensive risk management in business. Bob emphasizes the importance of identifying, assessing, and managing risks intelligently, going beyond insurance to make informed decisions that can protect a business's future.

Key Takeaways:

✅ Comprehensive Risk Management:

Comprehensive risk management is essential for businesses, involving identifying, assessing, and strategically handling potential risks.

✅ Value Beyond Insurance:

Effective risk management is more than just insurance; it's about evaluating which risks to retain and mitigate.

✅ Pandemic Exposure Coverage:

The importance of understanding coverage, including pandemic exposure coverage, and not solely focusing on insurance costs.

"Understanding the coverage you are procuring and the potential risks you are mitigating is key." - Bob Lloyd

✅ Cyber Liability Coverage:

Cyber liability coverage is vital in today's digital age, protecting against cybercrimes and ensuring operational continuity.

"Prioritizing cyber liability coverage is an investment in protecting assets and preventing substantial financial losses." - Bob Lloyd

✅ Building a Trusted Team of Advisors:

Building a team of trusted advisors, including insurance agents and lawyers, is crucial for navigating complex policies and making informed risk management decisions.

Conclusion:

Comprehensive risk management involves making well-informed decisions to protect a business's assets and future.

Building relationships with trusted advisors is key to effective risk management.

How to Reach Bob:

Connect with Bob Lloyd on LinkedIn: https://www.linkedin.com/in/bob-lloyd/

Learn more about your ad choices. Visit megaphone.fm/adchoices