The CIC Services Difference
CIC Services is a captive manager and strategist. Since 2005, we’ve been helping small & mid-sized business owners turn their risk into wealth by owning their own insurance company. Scroll down to learn more about our comprehensive Enterprise Risk Management approach.
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Meet our team of professionals |
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Learn more about how CIC services helps clients grow more wealth while improving their risk management practices. |
Find Out How CIC Services Can Help Your Company.
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Why Combine Enterprise Risk Management With A Captive Insurance Company?
Survival.
Small and mid-market businesses are fragile.
Unlike their Fortune 1,000 brethren, they:
• Lack access to credit and capital markets
• Are geographically concentrated
• Have concentrated revenue streams
Which contributes to the fact that:
40% of small businesses affected by natural or human-caused disaster never reopen their doors.*
-And-
1/2 of those that do reopen don’t survive past the second year post disaster.*
*Source: Small Business Administration
*According to statistics provided by the Small Business Administration, March 2015.
Forming and operating a Captive is a complex undertaking. Captives are highly regulated, sophisticated businesses that demand the greatest level of competency from their chosen service providers.
Before undertaking this endeavor, be sure you:
- Choose the best team of professionals,
- Choose an appropriate domicile for your captive, and
- Understand what’s fully involved with forming and operating your captive.
The Good News: CIC Services makes owning and operating your captive simple and turn-key.
Captivating Thinking
Our weekly, clear-headed commentary on the captive industry
Cyber Coverage – Captive Insurance Times
As firms moved to a work-from-home environment in response to COVID-19, cybersecurity has been highlighted as an increasing challenge. Industry experts suggest while captive coverage is tailored to the needs of the business, a commercial policy is just as important. Although many firms use commercial cyber policies for coverage, there can be gaps, leaving firms […]
Solving the Successful Business Owner’s Chief Conundrum
What is the successful business owner’s chief conundrum? Sure, business owners face many challenges, for instance, staffing, retaining talent, differentiation in a crowded market, keeping up with change, keeping pace with technology, capital investments, advertising, compliance, insurance, taxes, and a host of other challenges. And, these are enough to make one’s head spin. It’s certainly […]
Christopher Gallo, CFE, has joined CIC Services as managing director
CIC Services, a Knoxville-based risk management consulting firm and a leader in the captive insurance industry is pleased to announce that Christopher Gallo, CFE, has joined CIC Services as managing director.