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
Randy Sadler of CIC Services explains the importance of risk mitigation, gives tips on how to prepare for the inevitable and explains how captive insurance can help you and your business. Click here to read the full article.
One approach for a business owner to increase profit and further protect the business is the buy-up or stand-up all of the vertical businesses that support the core business. Think of starting or acquiring additional businesses as an approach to build and protect a wealth engine.
For many profitable businesses, there is a simple, well-proven path to form a second, profitable business. Simply put, businesses can choose to OWN THEIR OWN INSURANCE COMPANY, known as a captive insurance company. In so many ways, a captive insurance company is the perfect second business (or third, or fourth…).