Welcome to the CPA in Your Corner podcast! In today's show we talked about the exciting topic of insurance. Yes, insurance IS an exciting topic, when you understand how important it is for protecting your online business, and when you have awesome guests like Josh and Jared from TIS Insurance, who make it easy to understand.

Online Accounting

In the same way that you need a CPA in your corner, you need an insurance professional in your corner. The right insurance agent will educate and help you make informed choices about the types of insurance you need for your business, and which options you can pass on.

Here's what you'll learn:

  • What a cyber-media policy is, and why you may need one — even if you have a brick and mortar store
  • A HUGE misconception regarding how insurance agents are compensation
  • The value of using an independent insurance agent
  • How insurance companies define ecommerce
  • Why you can be sued if your payment processor (e.g. PayPal) messes up — even if it's not your fault
  • How the simple act of filling a bathtub got one company in hot water

Praise Party

This week we're going to share a little bit of praise about a Twitter party that happened between Liz Slatham at @HoosierHomeMade and Shane and Jocelyn Samms, @FlippedLS on Twitter. @HoosierHomeMade is a new client for The Bottom Line.

After our free discovery call they tweeted to Shane and Jocelyn,  “Thanks for the recommendation for @TheBttmLineCPA.  We have been needing to get started for years.  They are great.” They went on to say, “They are awesome, CPAs who actually understand online business.”

That's music to our ears, because that's exactly our goal here at The Bottom Line!

Conversations and Celebrations

This is the segment of our podcast where we tell a true story from a client or a situation that we've been involved in through the current week.

In this episode we shared about a conversation we had with a lady who is a bookkeeper from New York, who recently converted from Quickbooks to Xero. Being new to Xero, she struggled a bit for various reasons to get some of her clients moved over.

Looking for help, she called about 30 accountants, one of them being a man who had been an accountant for 30 years. He told her she'd never make it as an accountant using an online business model, because (according to him), people want to deal with their accountant face-to-face.

She decided to call us before switching back to Quickbooks. We had a great conversation, and after our call, she decided to stick with Xero, which is great, and even better, now we have a relationship with a bookkeeper in New York!

The Power Play

In the Power Play, we give you one action to take to move your business forward. Today's Power Play is to have a conversation with your insurance agent. If you don't have one, find one! We personally recommend TIS Insurance. You can find all the information you need about them at the end of this post.

We hope that our podcast inspires you and provides helpful information as you build your online business!

Links and resources mentioned in today's show:

Thank you for listening! We can't begin to tell you how much we appreciate it! If you enjoyed today's show, please share it with your friends and family! Our goal is to help as many online entrepreneurs as possible fix their finances!  Help us help them by spreading the word!

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Additional Information on TIS Insurance

Josh Hearl, Account Executive | [email protected]
​Jared Smith, Client Executive | [email protected]

​TIS Insurance Services, Inc. (www.tisins.com) headquartered in Knoxville, TN

TIS is The Bottom Line's agency of choice.  Josh, Jared, and the team at TIS work hard to earn our business.  Even though they have been serving thousands of clients since 1945, they often make us feel like we are the only one they have.  Their “Clients First” value is ALL TRUE.  We loved having Josh Hearl and Jared Smith on our CPA In Your Corner podcast.  Accounting, insurance — we keep our promise to make serious work fun!  🙂  

 Josh and Jared were not compensated in any way for their advice and it's important to note that there is no compensation agreement in place between The Bottom Line and TIS should you choose to contact Josh or Jared for help to insure your business or personal needs.  We only recommend what we know, use, and love — regardless of affiliate relationship —- ALWAYS. 

 Josh and Jared of TIS are working to specialize in helping insure and protect online entrepreneurs in all 50 states for their business and personal needs.  Contact them today to see if they are the RIGHT AGENT for you and your online business.  They get our highest recommendation and be sure to tell them we sent you!  🙂

Your Turn

Have you ever considered the type of insurance you need as a business owner? Share your thoughts in the comments below!

Learn more about how our online accounting services could help your business.

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