March 2024

The recent article published by Medical Economics, “The Human Firewall: Employee-Centric Approaches to Cybersecurity That Optimize Your Practice’s Captive Insurance Company,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how the modern business landscape heavily relies on cybersecurity, particularly in industries like healthcare where patient information is a prime target for cybercriminals. To address this threat, many medical practices have turned to captive insurance, which offers tailored cyber policies alongside traditional insurance.

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The recent article published by The TJB American Business Magazine, ” Empowering Employees: Navigating Rising Healthcare Costs with Captive Insurance,” by Chris Gallo, Managing Director at CIC Services, highlights how the current business environment grapples with rising healthcare premiums, prompting companies to seek innovative solutions. Captive insurance for employee healthcare emerges as a promising strategy, creating a subsidiary to manage tailored healthcare coverage, offering greater control and cost management opportunities for the parent company.

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The recent article published by Entrepreneur, “Cyber Threats Are More Prevalent Than Ever — So Don’t Leave Your Business Exposed. Here’s How to Protect It.,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in today’s rapidly changing business world, the importance of risk management cannot be overstated.The modern business landscape is rife with opportunities and risks due to rapid innovation and technological advancements. Cyber threats, such as data breaches and intellectual property theft, are on the rise, making businesses increasingly vulnerable. Traditional one-size-fits-all approaches are no longer adequate due to factors such as rapid innovation, cyber threats, regulatory ambiguity, and geopolitical complexities. To effectively navigate the modern risk landscape, businesses must conduct comprehensive risk assessments, review insurance policies, and develop customized mitigation strategies.

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The recent article published by Business Partner Magazine, “High Stakes: How Captive Insurance Fortifies Commercial Real Estate Businesses ,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, highlights how in the competitive world of commercial real estate investments, effective risk management is essential for success. One emerging strategy to consider is captive insurance, which provides tailored policies addressing the specific risks faced by real estate businesses. Unlike traditional insurance, captive insurance allows companies to customize coverage, retain some risk, and potentially save on premiums. This approach offers greater control over claims handling and policy terms, enabling businesses to adapt to evolving risk scenarios and ensure continuity.

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