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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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.*
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.
Our weekly, clear-headed commentary on the captive industry
Last week CIC Services, a Knoxville, Tennessee based captive insurance company manager, petitioned the Supreme Court of the United States to hear its lawsuit against the IRS regarding IRS Notice 2016-66.
During the last two years, CIC Services has experienced growth fueled by the Bundled Program, Warranty Programs and Traditional Captive programs. With this continued momentum, we are very pleased to announce that Alexis Psihogios, MBA, CIC has joined CIC Services as In-House Underwriter.
Happy New Year from all of us at CIC Services! Get ready for the Roaring 20’s. 2020 is a great year to focus on developing 20/20 vision on the forces that leak money out of your business. CIC Services Principal, Randy Sadler was recently published in CPA Practice Advisor in an article titled: “Stop Leaving […]