Some of you reading this are physicians in private practice, and while you justifiably enjoy an exalted position in society, as far as the IRS is concerned, you own some or all of a business enterprise and also enjoy all the risks and rewards that accompany ownership of a tax paying activity.

For better or for worse, your business enterprise today is under financial pressure. The rules and regulations that govern your activity are always changing on many different levels. This is frustrating at the best of times and occasionally nightmarish. Your training and experience is to focus exclusively on medicine, and as someone who employs folks with your skills from time to time, that’s where I want your focus.

Over the past 40 years, I’ve spoken with many of you about professional and personal liability insurance. And while this is not always a pleasant topic, you recognize the need to have such coverage and you therefore meekly pay the premiums, which can be horrendous, depending on your specialty.

I now have a question to ask of you: “If I could show you a way to recapture or recover some of the money spent on those premiums, would you stop for a few minutes and have a conversation with me?” Many of you will say “Yes”, and I’ll respond by asking you for a few minutes of your time. But typically, you don’t have a few minutes, so you refer me to your office manager.

He or she may or may not have a clue what I’m talking about. Which is OK, but sooner or later I have to help you understand there may be half a million dollars or more on the table. And if you don’t pay attention, it won’t be there anymore.

I want you to click on the attached image and spend the next SIX MINUTES watching the presentation I created. If your reaction is that it’s BS, that’s too bad. I’m looking for those of you who are interested in improving your bottom line as a business owner by turning an existing expense into an asset. It’s your call.

Tony Kendzior, CLU, ChFC