Couverture de Ep 020: Captive Insurance & the 831(b) Tax Code: Safeguarding Businesses in an Uncertain World

Ep 020: Captive Insurance & the 831(b) Tax Code: Safeguarding Businesses in an Uncertain World

Ep 020: Captive Insurance & the 831(b) Tax Code: Safeguarding Businesses in an Uncertain World

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 In this episode, Bernard Surovsky and Larry Kriesmer speak with Van Carlson, CEO and founder of SRA, to discuss captive insurance and the 831(b) tax code. Van explains that captive insurance is a risk mitigation tool that allows business owners to deduct and defer income for management purposes. He discusses the different types of captives and gives examples of businesses using captives for self-insurance. Van Carlson is the Founder & CEO at SRA and has over twenty-five years of experience within the risk management industry. Van began his career with Farmers Insurance Group as an agent; eventually growing his book to be among the largest in his home state of Idaho. Van’s primary goal is to continue the upward growth of SRA and continue to develop new products to bring to market. What you’ll learn about in this episode: - Discover how Captive Insurance, utilizing the 831(b) tax code, offers business owners a unique opportunity to manage income while effectively mitigating risks strategically. - Explore how Captive Insurance goes beyond tax benefits, allowing businesses to self-insure across various industries safeguarding against unforeseen events like the COVID-19 pandemic. - Gain insights into the current challenges within the insurance market, including policy exclusions and legal disputes. Guest Resources: https://www.831b.com/team/ https://www.linkedin.com/company/sra-831b https://vimeo.com/831b https://www.youtube.com/channel/UC8QJwR1FlAzdAgmC8UYsnWg https://www.facebook.com/SRA831b/ https://www.instagram.com/sra831b/ https://twitter.com/SRA831b   Measured Risk Portfolios Resources:   https://www.measuredriskportfolios.com https://www.linkedin.com/company/measured-risk-portfolios/ Learn more about your ad choices. Visit megaphone.fm/adchoices
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