It’s no surprise that the captive insurance industry continues to grow and thrive.  As we are preparing to attend the Captive Insurance Companies Association (CICA) conference next week, we have received a wave of invitations from actuaries, domiciles, claims administrators and a myriad of other industry service providers. Captive insurance companies were first formed in […]

Should Fear of an Audit Trump Winning Business Decisions?   A common concern we encounter when discussing the risk management and numerous other benefits of owning your own captive insurance company (CIC) is that owning a CIC may increase the risk of an audit by the IRS.  Such fears are often expressed by a client’s […]

Tax avoidance is perfectly legal and encouraged by the IRS, but tax evasion is against the law. –         Internal Revenue Service Website Countless business owners across America mailed checks to the IRS this week.  It certainly is difficult to part with hard earned profits.   Which begs the question, to what lengths should business owners and […]

Most small and medium size businesses are under-insured.  Today, businesses face far greater risks than similar businesses faced in the past.  In addition to common risks like theft, fire and general liability, there are a host of other risks that businesses face that are specific to their industry and exacerbated by shifts in technology, regulations […]

In addition to gaining the ability to self-insure and to own a profitable second business, a captive insurance company is one of the most formidable asset protection vehicles available to businesses and business owners. However, prior to addressing this unique benefit, it’s worth noting the primary reasons that businesses form their own insurance company – […]