What Contractors NEED to Know About Insurance

⁠https://www.foundationacs.com⁠ Hello Profit Hackers, Today’s episode is a powerful conversation with two industry experts as we break down insurance for contractors. What matters, what to watch out for, and how to protect everything you’ve built. From fleet insurance to workers comp, general liability, and even life insurance, this episode dives into real-world scenarios and mistakes that can cost you big if you’re not paying attention. 00:00 Intro + meet the guests 02:00 Building businesses through relationships 05:00 Competition vs “co-opetition” 08:30 Wrestling stories & lessons 17:00 Fleet insurance basics (drivers matter most) 20:30 How bad drivers can skyrocket your rates 23:00 Tracking drivers + safety tools 26:00 Workers comp explained + audit surprises 30:00 The danger of 1099 vs W2 mistakes 41:00 General liability (what coverage you actually need) 51:00 Why cheap coverage can cost you more 57:00 Real story: why life insurance matters