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Mastering 831B Tax Code: Risk Management and Financial Strategies for Trucking Firms

In this insightful episode of the Trucking Risk and Insurance Podcast, hosts Chris and John engage with Van Carlson from SRA 831b.com to explore how trucking companies and other businesses can leverage the 831B tax code to manage risk and enhance profitability.

The discussion covers the concept and benefits of 831B insurance plans, the use of pre-tax dollars for risk funding, and practical applications for both large and small businesses.

Van shares his journey from a property casualty agent to an 831B expert, illustrating the code's role in business resilience and compliance. The episode also dives into the broader context of captive insurance programs, the financial impacts, and geographical considerations, providing real-world examples and strategic insights for optimizing cash flow and safeguarding operations.

Whether you own a trucking firm, an auto dealership, or a construction business, this episode will equip you with valuable knowledge on navigating today’s challenging insurance landscape using the 831B tax code.

Get in touch:
Email: sra@831b.com

Website: https://www.831b.com/

Phone: 208-424-2249

00:00 Introduction to Trucking Risk Management
00:37 Understanding 831B Tax Code
01:08 The Role of 831B in Risk Financing
02:47 Business Interruption and Self-Insuring Risk
04:55 Van Carlsen's Background and Expertise
06:44 Practical Applications of 831B for Trucking Companies
10:48 Managing Risk and Compliance
14:23 Bipartisan Support for Small Business Safeguards
14:42 Understanding Premium Methodology and Captives
15:13 Funding and Regulatory Details of Insurance Programs
16:45 International Expansion and Insurance Challenges
17:21 State Operations and Business Interruption Insurance
18:42 Risk Sharing and Client Collaboration
19:25 Canadian Captive Programs and Provincial Differences
21:02 Federal Recognition and Tax Implications
25:28 Ideal Clients and Risk Management Strategies
27:38 Final Thoughts and Contact Information



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