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Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
How to Tell a Good Captive Insurance Company from a Sham—Part 3
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC If a captive insurance company does not replace third party commercial coverage, is it evidence of a sham? The short answer is an emphatic “no!” To suggest so would require complete ignorance
How to Tell a Good Captive Insurance Company from a Sham—Part 2
By Sean G. King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC Does a low claims history necessarily mean that future premium rates should be lowered? Last week, I began a series on identifying legitimate and sham captive insurance company arrangements. This series of articles is important because there is much misinformation and […]
How to Tell a Good Captive Insurance Company from a Sham—Part 1
By Sean G. King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC There is growing concern among regulators, the IRS, and captive insurance professionals that too many captive insurance companies, especially the small 831(b) variety, lack economic substance—that is, that they are shams constructed for the purpose of avoiding taxes rather than for […]
Game Changing Financial Vehicle For Mid-Size And Small Business Owners
The term “game changer” has often been used to describe people or entities that break from the established or expected norms. A “game changer” often defies existing paradigms or creates new paradigms. In sports, a “game changer” is often an athlete that is far superior to his or her contemporaries, is very versatile or seems […]
How To Turn Risk Management Into A True Profit Center
Here is a captivating question. How can a small or medium-sized business turn its risk management into a true profit center? It sounds impossible – turning risk management into a profit center. After all, risk management pays insurance premiums and
Captivating Thinking
Knowledge is power. That’s why we’re always looking to educate business owners on the best practice when it comes to Captive Management. But we also want to give you the resources you need to guide you through the risk management process. In the CIC Services Knowledge Center, you can:
- Read about CIC in the news
- Learn about industry standards
- Stay up-to-date on upcoming events
Explore these resources and equip yourself for the future!
How to Tell a Good Captive Insurance Company from a Sham—Part 3
By: Sean King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC If a captive insurance company does not replace third party commercial coverage, is it evidence of a sham? The short answer is an emphatic “no!” To suggest so would require complete ignorance
How to Tell a Good Captive Insurance Company from a Sham—Part 2
By Sean G. King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC Does a low claims history necessarily mean that future premium rates should be lowered? Last week, I began a series on identifying legitimate and sham captive insurance company arrangements. This series of articles is important because there is much misinformation and […]
How to Tell a Good Captive Insurance Company from a Sham—Part 1
By Sean G. King, JD, CPA, MAcc Principal & In-House Counsel, CIC Services, LLC There is growing concern among regulators, the IRS, and captive insurance professionals that too many captive insurance companies, especially the small 831(b) variety, lack economic substance—that is, that they are shams constructed for the purpose of avoiding taxes rather than for […]
Game Changing Financial Vehicle For Mid-Size And Small Business Owners
The term “game changer” has often been used to describe people or entities that break from the established or expected norms. A “game changer” often defies existing paradigms or creates new paradigms. In sports, a “game changer” is often an athlete that is far superior to his or her contemporaries, is very versatile or seems […]
How To Turn Risk Management Into A True Profit Center
Here is a captivating question. How can a small or medium-sized business turn its risk management into a true profit center? It sounds impossible – turning risk management into a profit center. After all, risk management pays insurance premiums and
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