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
Webinar: Financial & Risk Management Strategies For Your Small And Mid-Market Business Clients In A Prolonged COVID-19 Crisis
In case you missed it, CIC Services has developed a webinar outlining strategies for small and mid-market businesses to consider during the current COVID-19 crisis.
(The below is informational only and does not constitute advice. Consult your independent tax advisor for specific recommendations or advice regarding your captive insurance structure.) Over the last week the IRS appears to have sent a standard form letter to many (perhaps all) participants in captive insurance transactions covered by IRS Notice 2016-66. This does […]