Your Best Bet for Negotiating Insurance Payouts - Victory Claims

Healthy Wealthy & Wise Accountants

Summary

In this conversation, Heidi Henderson speaks with Benny Wright, the founder of Victory Claims Consulting, about the intricacies of insurance claims, particularly in the context of natural disasters. They discuss the role of public adjusters, the challenges faced by businesses in navigating claims, and the importance of understanding insurance policies. Benny shares insights on the geographical scope of their operations, the impact of natural disasters on claims, and the current trends in the insurance market. The conversation also touches on personal stories that highlight the human element of their work and concludes with a discussion on work-life balance and personal fulfillment.

Contact:
Benny Wright
http://www.victoryclaimsconsulting.com/
[e-mail]

takeaways

• Understanding tax incentives can significantly impact business success.
• Public adjusters advocate for clients against insurance companies.
• Hiring an independent adjuster can be beneficial in claims.
• Insurance policies are often complex and favor the insurer.
• The claims process can be contentious and requires expertise.
• Natural disasters create unique challenges for insurance claims.
• Success rates for public adjusters can be significantly higher than standard claims.
• Insurance market trends show rising premiums and coverage challenges.
• Personal stories in the industry highlight the human impact of claims.
• Work-life balance is crucial for maintaining personal fulfillment in business.

Chapters

00:00 Introduction to Tax Strategies for Business Owners
00:26 Introduction to Victory Claims Consulting
01:46 The Role of Independent Claims Consultants
01:51 Introduction to Victory Claims Consulting
04:24 Benny's Journey into Public Adjusting
06:57 Understanding the Role of Public Adjusters
09:44 Navigating Insurance Claims for Businesses
12:32 Geographical Reach and Operations
15:11 Maximizing Tax Benefits and Deductions
15:29 Disaster Declarations and Their Impact
18:24 Cost Structure and Success Rates
19:33 Understanding Insurance Claims and Public Adjusters
22:39 Navigating Rising Insurance Costs
25:26 Creative Solutions in Insurance Policies
27:35 Bizarre Loss Stories and Their Impact
28:47 The Deeper Why Behind Insurance Work
31:25 Balancing Work and Family Life
36:11 Simplifying Tax Incentives and Deductions

Sponsor Notes:
Engineered Tax Services | www.engineeredtaxservices.com
Engineered Insurance Services | www.engineeredinsuranceservices.com