Introduction A few months ago the IRS won its fourth recent victory against small captive insurance companies. Alas, this latest case does little to clarify the rules of the road for taxpayers, and the IRS seems to like it that way. Rather than ending the “abuse” that it so frequently laments by simply providing the […]
On May 19, Randy Sadler and Chris Gallo of CIC Services hosted a webinar focused on Alternative Risk Transfer (ART), and how nontraditional risk transfer approaches (as compared to commercial insurance) can be arranged. Some of the types of entities and approaches included in this marketplace are captive insurance companies (Captives), pools, trusts and risk […]
In a precedent-setting Supreme Court case, CIC Services has won an important victory for taxpayers against the IRS. In CIC Services v. Internal Revenue Service, the issue before the court was whether or not the IRS has a special privilege, not available to any other governmental agency, to pass and enforce even illegal regulations without […]
On April 28, Randy Sadler and Chris Gallo of CIC Services hosted a webinar titled, “Start a Second Business to Create A Proven Additional Profit Center” that examines how a captive insurance program can help businesses increase profits by adding an additional stream of income. For many profitable businesses, there is a simple, well-proven path […]
Businesses are always looking for ways to increase profit—and protect it. Amazon serves as a prime example. In 2017, Amazon acquired Whole Foods and utilized the stores to sell its products and thus increase its customer base. And in addition to offering online shopping, it has its own distribution and product transportation facility. Through vertical […]
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.
Found Money with An Expense Reduction Expert So You Can Afford Your Captive Insurance Company 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 […]
One approach for a business owner to increase profit and further protect the business is the buy-up or stand-up all of the vertical businesses that support the core business. Think of starting or acquiring additional businesses as an approach to build and protect a wealth engine.
The Captive Insurance Presentation To Share With Your Business Owner Clients On March 24, Randy Sadler of CIC Services hosted a webinar titled, “Trouble Right Here In River City – The Captive Insurance Presentation To Share With Your Business Owner Clients” that explores how a captive insurance program can help businesses prepare for a potentially […]