San Juan Capistrano, CA – May 17, 2025 – Most business owners think of insurance as a sunk cost—a necessary burden that protects against the unexpected. But Mike McDonough, Founder and CEO of McDonough Insurance Services, is flipping that assumption on its head. With the release of his new book, “70 Surprising Ways To Create Higher Profit In Your Business,” McDonough is showing business leaders how to unlock profit, reduce risk, and build legacy wealth using little-known strategies hidden in their workers’ compensation programs.
For too long, business owners have overlooked one of the biggest hidden profit centers in their organizations: their workers’ compensation policies. From eliminating fraud and reducing injury frequency to strategically using fractional positions to offload liability, McDonough’s book delivers 70 practical, field-tested insights that almost no one is using—but every business should. “Leadership and execution lead to profit. Not the other way around,” says McDonough. This mindset shift, he explains, is key to long-term success and sustainable growth.
“I wrote this book because most business owners simply don’t know how much money they’re leaving on the table,” McDonough explains. “By optimizing your workers’ comp program, you can immediately reduce costs, protect your team, and create long-term profitability. This isn’t about cutting corners—it’s about working smarter and designing your business to thrive for decades.”
In “70 Surprising Ways To Create Higher Profit In Your Business,” McDonough begins by simplifying the complex mechanics of workers’ compensation—breaking down policy structures, claims processes, and premium calculations. From there, he takes readers through 70 tactical strategies that help business owners and brokers uncover savings, prevent risk, and turn their insurance program into a competitive business asset. Topics include negotiating with insurance carriers, reducing claims fraud, improving workplace safety, and leveraging analytics to drive smarter decisions.
“For me, insurance is never just about a policy,” says McDonough. “It’s about protecting your people, your profits, and your purpose. This book is meant to empower business owners with the knowledge they need to lead with confidence and clarity.” Through real-world case studies, implementation checklists, and step-by-step instruction, McDonough makes even the most technical aspects of insurance understandable and immediately useful.
The Must-Read Guide for Business Owners Ready to Expand and Protect Their Legacy
Mike’s book is already being hailed as essential reading by business leaders seeking to grow with precision and protect their legacy. Among the powerful insights featured in the book:
- How to negotiate with carriers to lower premiums and improve terms
- The impact of fractional positions in transferring liability and reducing audit risk
- How to identify fraud before it damages your bottom line
- Why most businesses overpay for comp due to outdated classifications and codes
- How to use data to create a safety-first culture that also boosts profitability
A lifelong student of discipline and service, McDonough is a leading expert in Workers Compensation. Whether he’s practicing martial arts, making pizza, or solving complex insurance challenges, Mike brings unmatched focus and care to every relationship. At McDonough Insurance Services, his mission is to help business owners eliminate waste, grow profit, and build businesses that serve both people and purpose.
Business owners who want to reduce risk, raise profitability, and future-proof their success are encouraged to grab a copy of “70 Surprising Ways To Create Higher Profit In Your Business.” The book is available now on Amazon:
🔗 https://www.amazon.com/Surprising-Create-Higher-Profit-Business/dp/B0C12242DP
Media Contact:
Mike McDonough
Founder & CEO, McDonough Insurance Services
📧 mike@mcdonoughins.com
🌐 https://mcdonoughinsuranceservices.com
