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.
Insurance can be complex and hard to understand for the novice, so CIC Services decided to give you some knowledge about the most important captive insurance terms that every business owner and insurance agent needs to know. This list will help uncomplicate your decision to start your captive journey.
I often talk with middle-market business owners and CFOs that want to protect their business with a captive insurance company. However, the start-up costs and initial capital may feel a bit daunting. Well, here is a concept to consider: Engage an Expense Reduction Expert, also known as a Cost Mitigation Strategist.
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.