SRA 831(b) Admin Offers Cancel-Proof Alternative Insurance Amidst Traditional Insurance Market Hardening
Van Carlson talking about risk mitigation for businesses especially during this COVID-19 pandemic.
Brian Van Camp, Owner of Linked Accounting, one of SRA 831(b)'s client
The SRA 831(b) logo.
See the company offering an alternative to the increasing premiums and low coverage availability for businesses
Shedding more light on what it means for the insurance market to experience hardening or softening, SRA 831b explained in their blog saying, “Hardening, defined by an increase in premiums and decrease in coverage availability and softening, resulting in a decrease in premiums and greater availability of coverage”
Hardening basically results in the insured, not the insurer, bearing a higher burden, making businesses who want to have safety processes frustrated.
Although successful business owners now have more options than ever, thanks to the reforms enacted in the aftermath of the Liability Crisis, Traditional Insurance companies still avoid covering developing risks with insufficient historical loss data and difficult-to-quantify losses. The SRA 831(b) Plan prided on having an alternative that allows a business owner to set aside tax-deferred funds during the good times to cover the bad times and recuperate cash flow losses.
SRA also provides a list of services on their website such as Initial design of 831(b) Plan, Preparation of plan documents and risk assessments, 831(b) Plan transaction approvals etc.
Find out more about their services at www.831b.com
Bre Cohen
SRA 831(b)
+1 208-424-2249
email us here
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Weather the Storm with SRA 831(b) Plans
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