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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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Do you need a "Truck Driver Safety Policy?" Get it today! https://safetydawg.com/policy

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Transporting Cannabis and Cash: Insights from Ari | Trucking Risk and Insurance Podcast

In this episode of the Trucking Risk and Insurance Podcast, Chris interviews Ari, the head of a vertically integrated transportation company specializing in the safe and efficient transportation of cannabis and cash across 28 states.

They discuss the unique challenges of transporting these high-value commodities, the regulatory compliance across different states, and the robust security measures, such as using vehicles with GPS tracking and cameras and employing retired law enforcement officers.

Ari also shares insights on the company’s growth plans, aspirations for international expansion, and commitment to green transportation solutions.


00:00 Introduction to Cannabis and Money Transportation
00:24 Meet Ari: The Man Behind the Company
00:48 The Logistics of Cannabis Transportation
02:23 Challenges in Cannabis and Money Transportation
04:17 Safety Measures and Team Composition
10:09 Green Initiatives and Future Plans
21:27 Hiring and Employment Opportunities
25:06 Conclusion and Final Thoughts

Ari Raptis, CEO and founder of Talaria Transportation:
Ari Raptis is a dynamic leader, successful entrepreneur, and the founder and CEO of three companies that provide logistics, supply chain and cash management solutions for highly regulated industries throughout the U.S.

After identifying a lack of crucial infrastructure for the burgeoning cannabis industry, Raptis founded Talaria Transportation to revolutionize the logistics system for the ever-changing compliance demands of the alternative health industry. Talaria provides trusted, versatile, secure transportation of wholesale and B2B products for licensed retailers, cultivators, labs and brands.

National Secure Transport (NST), is a full-suite cash management and logistics company that specializes in the secure, efficient movement of cash. The company provides customers with the latest fully integrated currency transport, cash-in-transit, cash vault, change orders, smart safe, financial institution depository and ATM services, and utilizes proprietary software to provide a seamless customer experience.

Raptis’ direct-to-consumer platform, Melly Home Delivery, provides compliant, safe and reliable products delivered right to the door.

Raptis was recognized as a Top 40 Under 40 Rising Star by Marijuana Venture when he was 29 years old, and has been dubbed the “Greek Transportation Tycoon of Cannabis,” in homage to his family’s Greek American heritage. He is actively engaged with lawmakers and industry stakeholders to educate and to develop best practices for emerging industries.

About Talaria:
Established in 2017, Talaria Transportation, LLC is a privately held company specializing in secure and trusted logistics for the legal cannabis industry. Talaria provides a critical infrastructure for the highly regulated industry and serves all states with legal programs. Providing optimum systems for every facet of the market, including product and lab testing transportation, Talaria is a reliable and trusted resource for the logistical needs of the legal cannabis industry. With a professional team of retired police officers and military veterans, the company is dedicated to delivering cannabis in a safe, secure, and compliant manner. For information, visit Talaria.com

HOSTS:
John Farquhar
Summit Risk Solutions: summitrisksolutions.ca
1 226 802-2762
John@summitrisksolutions.ca


Chris Harris
Safety Dawg Inc: safetydawg.com
Chris@SafetyDawg.com
1 905 973 7056



Keeping it Safety Dawg Simple!
#trucksafety #truckinsurance #truckpodcast

Do you need a "Truck Driver Safety Policy?" Get

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In this episode, we explore the intricate correlation between mental and physical health, highlighting how fatigue, heat stress, financial trouble, and marital problems can adversely affect both.

We discuss the unique challenges individuals face in diverse fields, including long haul, last mile, and field services, often called industrial athletes.

How to reach our guests:
Jeff Martin, VP of Global Sales Strategy, Lytx
/ jeff-martin-43239b198
https://www.lytx.com/

Dr. Mark Manera, founder and CEO, Offshift
/ truckingcompanywellnessprogram-truck-drive...
https://offshift.ai/


Your Hosts:
John Farquhar
Summit Risk Solutions: summitrisksolutions.ca
1 226 802-2762
John@summitrisksolutions.ca


Chris Harris
Safety Dawg Inc: safetydawg.com
Chris@SafetyDawg.com
1 905 973 7056



00:00 Introduction to Mental and Physical Health Correlation
00:07 Challenges Faced by Industrial Athletes
00:15 Impairment Possibilities and Distractions
00:27 Impact of Personal Issues on Mindset

Keeping it Safety Dawg Simple!
#trucksafety #truckinsurance #truckpodcast

Do you need a "Truck Driver Safety Policy?" Get it today! https://safetydawg.com/policy