Beyond Buy and Pray: How Van Carlson's 831B Captives Give Small Businesses Big Risk Power
Risk Management: Brick by Brick
00:00
Using AI (LegalOn) to Decode Insurance Contracts
Van describes using LegalOn and a prompting library to summarize dense insurer policies for faster, clearer review.
Play episode from 21:43
Transcript
Transcript
Episode notes
In this new, limited series of Risk Management: Brick by Brick, host Jason Reichl sits down with Van Carlson, Founder and CEO of SRA 831(b) Admin for Episode 1 of ‘Documentation & Organization’, to explore how small and medium-sized businesses can access enterprise-level risk management through 831B captive insurance programs. Van brings three decades of experience helping business owners move beyond traditional "buy and pray" insurance approaches to strategic risk financing that builds wealth while protecting assets.
Discover how 831B captives work like "health savings accounts for your business," why the tax code was originally designed to help smaller insurance companies compete, and how modern businesses are using these structures to cover non-transferable risks like supply chain disruptions, brand protection, and cyber incidents. Learn about Van's innovative "halo coverage" approach and why he believes every business owner should consider strategic risk retention as part of their growth strategy.
To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.
Podcast Host: Jason Reichl
Executive Producer: Don Halliwell
Episode Highlights:
- [01:03] - Van's Unconventional Journey: From FedEx to 30 Years in Risk Management
- [02:06] - 831B Basics: Tax-Deferred Insurance for Small Business Risk Building
- [03:04] - Modern Risk Coverage: Business Interruption, Supply Chain, and Brand Protection
- [05:22] - Halo Coverage Innovation: Filling Gaps Traditional Insurance Won't Cover
- [11:33] - Addressing 831B Misconceptions: Risk Management vs. Tax Planning
- [15:49] - Success Story: How One Denim Supplier Saved His Contract with Strategic Risk Planning
- [20:04] - Future Outlook: Why 831B Programs Are Becoming Standard Business Practice
- [24:02] - Risky or Too Risky Game: Van's Take on Corporate Acquisitions and Political Risk
- [25:44] - AI Integration: Using LegalOn to Decode Complex Insurance Policies
Episode Resources:
If you enjoyed this episode, please (with a cherry on top):
- Subscribe, rate, and review it on Apple Podcasts
- Follow TRS on Spotify
- Tell a friend!
Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:
Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.
Check out the three most downloaded episodes:
- Managing Your Risk Portfolio with Seth Hausman
- Focusing on Specialization with Matthew Meyer
- Risk Management is Everywhere with Diana Rich
If you are interested in being a guest on Risk Management: Brick by Brick, please complete this form: fame.so/trs-guest
The AI-powered Podcast Player
Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
