These distinguished organizations are all signatories on the latest Amicus Brief to the U.S. Supreme Court in support of CIC Services’ lawsuit against the IRS.
Discover how you can protect your business against cybersecurity threats associated with working remotely with a captive insurance program in a recent article published in CPA Practice Advisor by CICS’s own Randy Sadler.
On July 22 at 2 p.m., CIC Services hosted a webinar called, “Tumultuous 2020 Highlights Obvious Need For Middle-Market Companies To Own An Enterprise Risk Captive.” 2020 has been a roller coaster year, and it has shown that many middle-market businesses were unprepared. To make matters worse, many businesses have been uninsured for losses due to COVID and other losses in 2020 or had claims denied.
It’s quite possible that the decade ahead will be equally tumultuous and unpredictable. Forward-thinking middle-market companies will recognize that they need both:
MORE INSURANCE
-and-
MORE MONEY
And, there is only one strategy that delivers both – an Enterprise Risk Captive Insurance Company.
This webinar is for Middle-Market business owners, CEOs, CFOs, Risk Managers, and trusted advisors (CPAs, Insurance Agents, Asset Managers).
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Improved Cost Controls
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Wealth Accumulation
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Advantageous Tax Treatment
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Insurance Profits
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Improved Risk Management
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
Asset Protection
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.
Manage Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.