Protect Revenue.
Reduce Taxes.
Grow Reserves.
Protect Revenue. Reduce Taxes. Grow Reserves.
The best steward of your business is you.
Keep more of your company’s earnings working for you with a managed 831(b) plan. Qualifying business may contribute up to 15 percent of annual revenue up to $2.9 million per year to a plan that protects your business income from uninsurable or underinsured loss.
And the best part? You don’t pay taxes on contributions paid in or claims paid out of your plan.
SHIELD
Protect your business from uninsured or underinsured loss through a broad list of 68 insurable events, including Business Interruption, Acts of Government, Natural Disaster, Warranty & Service, and more.
SHELTER
Legally reduce your taxable income by up to $2.9 million per year. Contributions to an 831(b) plan are fully tax-deductible. Total tax savings for business owners can reach up to $1 million per year.
STRENGTHEN
Build tax-efficient reserves as your 831(b) funds are invested for your company to put towards future growth. Access your funds as a loan with favorable AFR rates or withdraw them as low-tax dividends.
Who It’s For
Tailored plans for established businesses
What Risks Can Your 831(b) Cover?
Business Interruption
Accounts Receivable Default
Reputational Damage
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Other Loss Categories
Legal Defense Costs
Government Action/Order
Supply Chain Disruption
Warranty & Service Obligations
Industries We Serve
Construction
Manufacturing
Medical & Dental Care
Childcare
Ranching & Agriculture
Don’t see your industry listed? We might still be able to help. Click the button to inquire about customized coverage plans for your business.
How it Works
When you work with Wise 831(b), our goal for you is simple: keep you in control over more of your money.
An 831(b) isn’t a one-size-fits-all solution. It influences several different areas of your business operations, including accounting, insurance, and your strategic growth plan. As a result, it should be designed specifically to fit your needs.
Here’s how we achieve that.
1
Determine Eligibility
Not every business needs or benefits from an 831(b). We’ll help you determine if your company is in the right season and financial position to take on this level of investment.
2
Assess Coverage Needs
We’ll work with your team to decide where your business needs extra protection from revenue loss, whether that’s coverage for events traditional insurance won’t insure, or losses beyond existing limits.
3
Fund Your 831(b) Plan
You decide the annual tax-deductible contribution your company makes to your plan, up to the IRS limit of $2.9 million. Contributions and claims are tax-deductible, so you aren’t taxed on the money that protects your business from loss.
4
Build Tax-Efficient Reserves
Funds in your 831(b) plan are managed and invested by a licensed Financial Advisor to make sure your money stays working for you. When you want to access your funds, you can borrow from yourself at the AFR rate or distribute as dividends.
Meet With Our Team
If you’re ready to start putting more of your business revenue to work for you, fill out the form and we’ll set up a time to meet.
