SRA 831(b) ADMIN
SRA has made it possible for any successful business to take advantage of the same tools previously reserved for Fortune 500 Companies.
Watch this video to learn more.
At SRA we believe small and mid-size businesses are the lifeblood of the American economy. The 831(b) Plans we administrate are meant to ensure these businesses weather the storm.
We care deeply about the financial security of our clients and their businesses. Our talented and motivated team strives to provide creative, quality, well-designed plans to address the varying needs of the clients we serve.
SRA 831(b) PLAN
In today's ever changing risk environment, it's important for successful businesses to develop a comprehensive risk management program. COVID-19 was a hard lesson, insurance carriers denied business interruption claims citing indirect losses and language that limited coverage. While state and local governments labeled businesses as non-essential and forced them to close. Hindsight is 2020, and the 2020 pandemic made it clear that business owners must establish an 831(b) plan. Our 831(b) Plan not only addresses tangible asset risk through traditional insurance carriers but also addresses intangible asset risks.
Business owners today find themselves contractually liable to many third parties including vendors, customers, contractors, and employees. These liabilities (e.g. service contracts, warranties, protection plans, deductibles, etc.) can seem manageable in the short-term, however, over the long-term they may pose a risk to a business’s cash flow and overall health. An SRA 831(b) Safe Harbor Plan provides participants an efficient way to mitigate these risks and allow business owners to continue honoring their contracts.
Safe Harbor Plans
SRA has made it possible for any successful business to take advantage of the same tools previously reserved for Fortune 500 Companies. From 831(b) Enterprise Risk Management to Safe Harbor Plans to mitigate contractual liabilities, we have solutions to help you mitigate risk through tax-deferred dollars. Read how our clients utilized their 831(b) to weather the storm.