Lunch & Learn In-Person: Business Insurance 101: Types, Risks & Smart Decisions

Overview

This presentation provides a clear and engaging overview of the key insurance concepts every business owner needs to understand. We’ll explore the major types of business insurance—such as property, liability, workers compensation, and commercial auto—and break down when each coverage is needed, why it matters, and how it protects your organization from financial loss. Casey Brandt, CISR, also compares needs vs. wants in business insurance to help decisionmakers prioritize coverage based on risk exposure, legal requirements, and financial tolerance. Additionally, the presentation introduces self-insurance strategies, explaining when alternative risk financing makes sense, what industries use it effectively, and the potential advantages and pitfalls. You’ll learn about Key Employee (Key Person) Insurance, including how it works, who qualifies as a key employee, and how this coverage helps safeguard business continuity. Finally, we’ll cover the growing importance of Cyber Insurance—what it covers, typical cyber risks facing businesses today, and why even small organizations are increasingly vulnerable. 

By the end of this session, attendees will have a solid understanding of business insurance fundamentals and be better equipped to evaluate risk and build a comprehensive protection strategy. 

This lunchtime, 2-hour program gives you time to take care of business before and after the presentation. And it all happens live — giving you the chance to ask presenters the questions you need answered.

NOTE: This product is for the individual In-Person Lunch & Learn course at the LCPA Member Center. 

2026 Lunch&Learn Small Business Series includes:

May 19 – AI's Impact on Trust & Security 
Louis Le Guyader, Ph.D., CPA • Professor, Department of Accounting & Finance
Southeastern Louisiana University • Hammond, LA  

Jun 16 – Turning Financial Results Into Strategic Recommendations 
Randy LeBeau, CPA • Partner, Outsourced Accounting Services 
Kevin Curren, CPA • Associate Director in the Audit and Assurance Services Group
EisnerAmper LLP • New Orleans, LA
 
Jul 21 –  Navigating the Evolving Talent Landscape: Trends Reshaping Hiring and Leadership 
Carrie Lewis, CPA (Inactive) • Senior Vice President
Robert Half Finance and Accounting • New Orleans, LA 
 
Aug 27 –  Louisiana Tax Legislative Update, Tax Reform and More 
Robert “Bob” Angelico, CPA • Partner
Liskow • New Orleans, LA 

Sep 22  – When Internal Controls Fail: Real Fraud Cases and What They Teach Us 
Diane B. Allison, CPA • Owner
Diane B. Allison, CPA • Baton Rouge, LA 

Oct 20 –  Business Insurance 101: Types, Risks & Smart Decisions 
Casey Brandt, CISR • Property & Casualty Consultant
Gilsbar • Covington, LA
 
Nov 17 –  2025-2026 Tax Update 
Bryan Ehricht, CPA •  James Lambert Riggs and Associates, Inc.
Hammond, LA
 
Dec 8 – Preparing for a Smooth Audit 
Eric Bosch, CPA • Regional Market Leader
Mauldin & Jenkins, LLC • New Orleans, LA 

Objectives

Notice

This presentation provides a clear and engaging overview of the key insurance concepts every business owner needs to understand. We’ll explore the major types of business insurance—such as property, liability, workers compensation, and commercial auto—and break down when each coverage is needed, why it matters, and how it protects your organization from financial loss. We’ll also compare needs vs. wants in business insurance to help decisionmakers prioritize coverage based on risk exposure, legal requirements, and financial tolerance. Additionally, the presentation introduces selfinsurance strategies, explaining when alternative risk financing makes sense, what industries use it effectively, and the potential advantages and pitfalls. You’ll learn about Key Employee (Key Person) Insurance, including how it works, who qualifies as a key employee, and how this coverage helps safeguard business continuity. Finally, we’ll cover the growing importance of Cyber Insurance—what it covers, typical cyber risks facing businesses today, and why even small organizations are increasingly vulnerable. 
? 
By the end of this session, attendees will have a solid understanding of business insurance fundamentals and be better equipped to evaluate risk and build a comprehensive protection strategy.