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 […]
Chris Gallo, Managing Director of CIC Services, as well as several other distinguished panel guests, discuss how businesses and companies can attain cost-effective, comprehensive risk management solutions through captive insurance companies. Presented by the Greater New Britain Chamber of Commerce & the Connecticut Captive Insurance Association, this webinar will unravel the mystery of captive insurance […]
A captive insurance program is an alternative licensed insurance company that is usually owned by a business owner(s). The main focus of the captive insurance company is on providing coverage to the business owner(s) and mitigating their exposure to traditional insurance companies’ volatile prices or that can’t meet the specific requirements of a company.
Bryan Ridgway, ACI of CIC Services recently hosted a townhall meeting with I-Re, and MGU headquartered in London, England. The townhall meeting discussed the evolution of the Bundled Captive Insurance program, a captive insurance solution for GL, Property and Work comp for middle-market companies. Watch the recording:
2020 Lessons Learned: Captive Insurance And What The Future Likely Holds For Middle-Market Companies
On Wednesday, February 24, CIC Services hosted a webinar titled, “2020 Lessons Learned: Captive Insurance And What The Future Likely Holds For Middle-Market Companies.” This webinar, CICS’s own Randy Sadler and Chris Gallo discussed the important lessons 2020 taught business owners, as well as how to take this new-found knowledge to help better prepare for […]
2020 was an extremely unusual year, and 2021 certainly isn’t looking any better. And, this is particularly the case for small and middle-market business owners. What is on the horizon? More civil and political unrest? Even higher insurance costs? Lawsuits? A more aggressive DOL and EPA? A pandemic that persists longer than expected? A new […]
Alternative Risk Transfer (ART) describes the marketplace in which 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 retention groups (RRGs). ART typically includes some form of self-insurance (formal or informal, complete, partial or […]
What is the successful business owner’s chief conundrum? Sure, business owners face many challenges, for instance, staffing, retaining talent, differentiation in a crowded market, keeping up with change, keeping pace with technology, capital investments, advertising, compliance, insurance, taxes, and a host of other challenges. And, these are enough to make one’s head spin. It’s certainly […]
CIC Services, a Knoxville-based risk management consulting firm and a leader in the captive insurance industry is pleased to announce that Christopher Gallo, CFE, has joined CIC Services as managing director.