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
On April 28, Randy Sadler and Chris Gallo of CIC Services hosted a webinar titled, “Start a Second Business to Create A Proven Additional Profit Center” that examines how a captive insurance program can help businesses increase profits by adding an additional stream of income.
Businesses are always looking for ways to increase profit—and protect it. Amazon serves as a prime example. In 2017, Amazon acquired Whole Foods and utilized the stores to sell its products and thus increase its customer base. And in addition to offering online shopping, it has its own distribution and product transportation facility. Through vertical […]
It can be hard to decipher the differences between captive insurance and traditional insurance. That’s why CIC Services have simplified it for you with the essentials. We have compiled the explanations of each along with some pros and cons to help you decide if captive insurance is right for you and your business.