From 831(b) Plan Enterprise Risk Management to Safe Harbor Plans to mitigate contractual liabilities, we have solutions to help you mitigate risk through tax-deferred dollars.

Watch this video to see how two  microcaptive  of our clients utilized their 831(b) plan to weather the storm.

831(b) Plan
3rd Party Business Interruption
INDUSTRY SPECIFIC
Dental Clinic
ANNUAL GROSS REVENUE
$1.5 Million
OWNER STRUCTURE
PLLC with two owners
EMPLOYEES
12

BACKSTORY
Terri owns and operates a dental clinic in the Southern U.S. and began an 831(b) Plan administered by SRA. Terri designed her plan to fit her business needs and to address the risks she was most concerned with including third-party interruption. Terri contributed to her 831(b) Plan for two years without incident and was able to accumulate her annual contributions inside of a managed investment account. In 2020, Terri’s business was impacted significantly by the COVID-19 pandemic.

3RD PARTY INTERRUPTION RISK
With the growing reliance on cloud-based software and a globalized economy, businesses rely more and more upon third parties to conduct their day-to-day operations. In the case of Terri, her business is located in a college town and a large percentage of its patients are students. The business relies on a third-party software in order to track procedures and maintain patient records.

INCIDENT
During the COVID-19 pandemic the college that provided Terri with a majority of her patients cancelled all classes and sent its students back home. Despite being an essential business, Terri suffered months of lost income from the lack of patients drawn to her area by the local college.