SRA 831(b) Admin expands coverage
SRA 831(b) Admin, a US 831(b) Plan Manager, has added Halo Coverage to its more than 25 self-insurance policies, which it says ensures businesses are able to fill in the exclusions, denied claims, and deductibles of traditional insurance.
This tax-deferred risk mitigation solution utilises the 831(b) tax code, also known as micro captive insurance, allowing businesses to reduce potential incurred losses from uninsured incidents that fall outside of established risk categories.
“We are seeing an unprecedented hardening of the traditional P&C insurance market that has not occurred in nearly 40 years and is the very reason why the 831(b) tax code was created,” said Van Carlson (pictured), founder & chief executive of SRA 831(b) Admin. “Insurance is not what it used to be, with policy language expanding because of exclusions, not additions. From wildfire carveouts to tariff fluctuations to supply chain issues and cyber crimes at every turn, we have seen a dramatic increase in risks that small and midsize businesses face daily. This Halo Policy is designed to pick up where your traditional policy is limited, ensuring that unexpected gaps don’t disrupt operations or cash flow.”
Halo Coverage was created in response to the exclusions, deductibles, and denials in many insurance policies and covers 6 key elements:
● Deductibles & Self-Insured Retentions – Reduces out-of-pocket expenses and preserves cash flow.
● Fills Coverage Gaps – Addresses exclusions and uncovered perils in primary insurance policies.
● Not Excess Insurance – Works alongside existing policies, rather than simply adding excess coverage.
● Customizable Protection – Tailored to fit the specific risks of your industry.
● Tax-Advantaged Risk Financing – Utilize tax-deferred reserves to manage unexpected losses efficiently.
According to SRA 831(b) Admin, in this hardening insurance market, as rates increase, coverage decreases, and an unprecedented amount of market pullbacks occur, alternative strategies are becoming common practice. Adding an 831(b) Plan which includes Halo Coverage to a company’s overall risk management strategy affords greater operational and financial stability and the flexibility needed for businesses to weather the storm. To learn more about 831(b) Plans, please visit www.831b.com.
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