Course Description

Insuring the needs of a small business owner can be difficult. Even when one is operating primarily from their own house, personal insurance policies often exclude business activities. Therefore, the business owner will often find themselves needing a combination of both commercial and personal insurance policies. However, which policies will the client need on the commercial side? Is underwriting difficult? And perhaps most importantly, are there any tips to helping the client save money on their premiums? In this course, we will explore these questions and many others, so that advisors can be a better resource for their small business clients.

Learning Objectives

  • Identify what makes insuring a closely-held business unique.

  • Identify the basic parts of a P&C insurance policy

  • Recognize the basic approach to building an insurance program for a company

  • State the coverages and exclusions for commercial package, building & property, and cyber insurance policies.

Additional Required Materials

  • Level: Intermediate

  • Field of Study : Management Services (NASBA); Insurance Planning (CFP); Commercial Lines (Insurance)

  • Who Should Attend: Financial advisors and insurance professionals who advise small business clients on insurance issues.

  • Required Knowledge: A basic understanding of risk management and insurance policies.

  • Advanced Prep: None

Instructor

CPA, CPCU, MST, MBA David Peters

David Peters is the Founder and Owner of Peters Tax Preparation & Consulting in Richmond, VA. He has over fourteen years of experience in financial services, including 3 years in the hedge fund industry and six years in the insurance industry. David was the first-ever Chief Financial Officer at Compare.com - a position he held for over three years. He is a national CPE Instructor/Discussion Leader for the AICPA, Surgent, and Kaplan. He regularly teaches courses in accounting, finance, insurance, and ethics throughout the United States. He holds four Masters degrees and contributes regularly to various CPA publications, including NCACPA’s Interim Report, SCACPA’s CPA Report, and VSCPA’s Disclosures. He was also a co-author of the 2018 Virginia CPA Ethics course – a required course for all CPA’s licensed in the Commonwealth of Virginia.