SRA 831(b) Admin Launches Halo Coverage to Bridge Insurance Gaps

SRA 831(b) Admin, the leading 831(b) Plan Manager, has introduced Halo Coverage as a significant enhancement to its portfolio of more than 25 self-insurance policies. This innovative solution addresses critical gaps in traditional insurance coverage by filling exclusions, covering denied claims, and reducing deductibles that businesses commonly face. Founder & CEO Van Carlson emphasized that the current insurance market is experiencing unprecedented hardening not seen in nearly 40 years, creating the perfect environment for this type of alternative risk management solution. The Halo Policy specifically targets the limitations of traditional property and casualty insurance, which has seen policy language expand through exclusions rather than coverage additions.

The Halo Coverage addresses six key elements that traditional insurance often fails to cover adequately. It reduces out-of-pocket expenses by covering deductibles and self-insured retentions, preserves cash flow during claims, and fills coverage gaps for exclusions and uncovered perils in primary insurance policies. Unlike excess insurance, Halo Coverage works alongside existing policies rather than simply adding additional layers of coverage. The solution is fully customizable to fit specific industry risks and operates as a tax-advantaged risk financing tool, allowing businesses to utilize tax-deferred reserves to manage unexpected losses efficiently. This approach leverages the 831(b) tax code, also known as micro captive insurance, which enables businesses to self-insure for common unfunded liabilities including warranties, supply chain interruption, political risk, lawsuits, and other unpredictable business risks.

In today's challenging insurance landscape where rates are increasing while coverage is decreasing, alternative strategies like the 831(b) Plan with Halo Coverage are becoming essential for business continuity. Established in 2009 and trusted by over 1,500 businesses, SRA 831(b) Admin specializes in providing Fortune 500-level risk management tools to small and medium-sized enterprises. The company's mission focuses on helping businesses "weather the storm" with greater operational and financial stability, offering a practical solution to the growing challenges of wildfire carveouts, tariff fluctuations, supply chain issues, and cyber crimes that modern businesses face daily.