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Nasir and Matt get World Cup fever as they delve into insurance coverage for the big event. The guys also answer the question, "I own a restaurant. Can I help get to the new minimum wage by giving them a $1 food credit each hour?" Full Podcast Transcript NASIR: Welcome to Legally Sound Smart Business! This is Nasir Pasha. MATT: And this is Matt Staub. NASIR: And welcome to our podcast where we cover business in the news with our legal twist and also answer some of your business legal questions that you, the listener, can send in to ask@legallysoundsmartbusiness.com. This is our Friday episode – my favorite. MATT: Yeah, I think it’s what is it? Follow Fridays on Twitter so this is a good opportunity – if you’re listening to this on a Friday morning – I guess you can’t follow us because we don’t have a Twitter for the podcast but what’s the closest thing? You could subscribe on iTunes. NASIR: Just follow us around where we go, you know, and that’s fine, too. Just stalk us. MATT: Yeah, I take my gigantic mic with me everywhere I go, just in case I need to record something. So, it’ll be easier to spot me on the streets. NASIR: And your computer, too, of course, it has to be connected somewhere. So, just follow us around and you can listen in to our live recordings. MATT: Always ready to record. NASIR: All right, what have we got here? World Cup is well on its way by now even though we’re recording this early. I hope we’re covering the world Cup again, right? MATT: Yeah, this is actually very pertinent to right now as we’re recording because there’s a match going on where it’s raining pretty heavily. What we’re going to talk about today is insurance involved with the World Cup and one of the things is the weather – if there’s any sort of delay – you know, if they’re going to play in rain – but, if there’s lightning, for example, they can’t play, obviously. But what this gets to is they talk to the main insurance underwriter for the World Cup and, as you can imagine, this is a pretty big deal to be in this position. The World Cup happens once every four years and internationally is just a massively followed event. So, there’s obviously a lot of types of things that can go wrong and there’s a lot of insurance that’s going to be put into place in order to combat those issues that might arise. I mentioned weather but, you know, soccer, the fans can get a little bit rowdy so there’s destruction concerns as well but there’s lots of other things. NASIR: Yeah. Well, coupled with the fact that it’s in Brazil and I think everyone’s been listening about some of the issues surrounding the games there. You know, it’s a developing country. There’s a lot of poverty there and you have all these games being built up. I remember, even when I went there, they were actually moving some of the shanty towns and basically the shanty towns that were next to the main streets, they were actually putting in nicer housing there. But then, behind, just leaving it just as is. Basically, when you drive through it, it looks better, but it’s just almost a façade. There’s that going on. Then, of course, some of these stadiums aren’t even completely built yet. There’s a game tomorrow which is the England game which I’ll be watching. This is tomorrow, Saturday. That’ll be fun. I heard that stadium is not up to standard yet but hopefully nothing happens. MATT: Well, I did see that some of the fields there, there was just videos of people using green spray paint to spray paint the fields because it was just dead in areas. Kind of funny. I mean, it’s not like it’s the end of the world if there’s some dead spots. I mean, I guess it looks prettier on TV. NASIR: That’s not as bad as if it’s like any kind of structural integrity issues which that’s what I thought they were implying. I mean, that’s fine. All they need is a field. They don’t need grass necessarily everywhere either. It is Brazil. MATT: Yeah, and another thing too is this is one reason why th...