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Contents Business Process Improvement: Great Improvements Need No-Brainer ROI to Get Approved 4 Business Insurance: How an Independent Insurance Consultant Can Help 7 Cyber Insurance: What It Is and Why You Need It 10 How Upcoming Changes to Section 831(b) Impact Small Insurers 12 Cost Segregation: How Businesses Can Accelerate Depreciation for Tax Purposes 15 Organizations must constantly navigate through a changing business environment. Change creates opportunities to solve challenges by using innovative solutions and fresh perspectives. In this issue of , we feature insights on opportunities to improve your business strategies, expanding upon the opportunities discussed in episodes of our Brown Boarding Business (BBB) Video Series. The videos and corresponding articles focus on business process improvement strategies, the benefits of an independent insurance review, how cyber insurance can protect an organization from cyber attack liabilities, captive insurance companies and changes impacting small insurers, and the tax benefits of a cost segregation study. We created the BBB Video Series to provide quick, engaging spotlights on strategic cost-saving opportunities for companies. The series is just one of the key difference makers we regularly provide to our clients and friends of the firm. Our website, bswllc.com, houses a growing database of information on a wide range of business topics. About Brown Smith Wallace We are proud to work with many of the largest public and private companies in St. Louis as well as continuing to expand our constantly growing middlemarket clientele. In addition, a number of our practices serve clients across the country and the world because of their specialized expertise. St. Louis, MO 314.983.1200 Connect with us: 618.654.3100 St. Charles, MO [email protected] 1.888.272.2792 Brown Smith Wallace is a Missouri Limited Liability Partnership. Glen Carbon, IL 1.888.279.2792 The firm serves its long-term base of family owned, private companies with the traditional audit, accounting and tax services as well as a wide variety of business advisory services. We also provide many of the St. Louis area’s largest companies with those value-added advisory services such as captive insurance company services; cybersecurity and cyber insurance; internal audit, IT audit and other related advisory services; litigation support, transaction advisory and valuation services; and specialty tax services such as family wealth planning, credits and incentives, property tax, international tax, and state and local taxes, including sales and use tax consulting. Click here to learn more about Brown Smith Wallace. For a firm overview video, click here. bswllc.com ©2016 Brown Smith Wallace LLP All Rights Reserved. bswllc.com 3