CIC, Ragnar Unveil Captive For Restaurants and Bars
When it comes to insurance, not all “sports bars” are created equal — yet many are priced as if they are.
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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
When it comes to insurance, not all “sports bars” are created equal — yet many are priced as if they are.
Too often, the aftermath of workplace tragedies, whether a shooting or harassment lawsuit, reveals the same truth: the warning signs were there, but no one connected the dots. Scattered across departments and silos, crucial information goes unnoticed until it’s too late. The result? Human suffering, reputational damage, lawsuits, and billions in annual costs to employers.
Artificial intelligence is no longer an experiment. From customer service to medical diagnostics, companies are embedding AI into core operations. But as adoption accelerates, so do the risks, and accountability for AI failures is far from clear.
We’re honored to share that CIC Services has been recognized as Highly Commended for Captive Manager of the Year in the Captive Review US Captive Awards 2025. This recognition reflects not only our commitment to excellence but also our focus on delivering meaningful results and value for the businesses we serve. It continues a tradition […]
Businesses are discovering that catastrophic events are not only growing in frequency and intensity but are also becoming increasingly difficult, and sometimes impossible to insure. The macro forces driving this shift are complex, interconnected, and accelerating. From extreme weather to cyberattacks, supply chain collapses, and litigation shocks, the risks that keep leaders up at night […]
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
When it comes to insurance, not all “sports bars” are created equal — yet many are priced as if they are.
Too often, the aftermath of workplace tragedies, whether a shooting or harassment lawsuit, reveals the same truth: the warning signs were there, but no one connected the dots. Scattered across departments and silos, crucial information goes unnoticed until it’s too late. The result? Human suffering, reputational damage, lawsuits, and billions in annual costs to employers.
Artificial intelligence is no longer an experiment. From customer service to medical diagnostics, companies are embedding AI into core operations. But as adoption accelerates, so do the risks, and accountability for AI failures is far from clear.
We’re honored to share that CIC Services has been recognized as Highly Commended for Captive Manager of the Year in the Captive Review US Captive Awards 2025. This recognition reflects not only our commitment to excellence but also our focus on delivering meaningful results and value for the businesses we serve. It continues a tradition […]
Businesses are discovering that catastrophic events are not only growing in frequency and intensity but are also becoming increasingly difficult, and sometimes impossible to insure. The macro forces driving this shift are complex, interconnected, and accelerating. From extreme weather to cyberattacks, supply chain collapses, and litigation shocks, the risks that keep leaders up at night […]
Sign Up for the Captivating Thinking Newsletter
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.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
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.
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.
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.
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.
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.