Game-Changing Financial Vehicle for Business Owners and CFOs

Since 2005, CIC Services, LLC has helped clients in Houston discover their own game-changing financial vehicle. This discovery is the financial advantages afforded to business owners and professionals derived from owning their own insurance company.

All risk is financial.

An insurance company is a powerful financial vehicle that can provide tremendous added value to businesses and business owners.  CIC Services LLC helps clients set-up, own and operate their own insurance company – known as a captive insurance company.

First and foremost, a captive insurance company can provide more effective risk management and casualty insurance protection to a parent company or companies.

Owning a captive insurance company can enable business owners to more effectively address the following wants and needs:

• Reduce insurance costs
• Improve risk management and insurance protection
• Experience tax savings
• Improve asset protection
• Accelerate wealth accumulation
• Facilitate estate transfer to future generations
• Provide an alternative to non-qualified retirement or deferred compensation plan
• Provide golden handcuffs or golden parachutes
• Facilitate buy-sell, buy-inn, or buy-out arrangements
• Provide an alternative to qualified retirement plans

What Is A Captive Insurance Company?

A captive is a unique but REAL casualty insurance company.  It includes its own corporation, insurance license, reserves, policies, policyholders, and claims.  It is a formal way for business owners to self-insure, and captives are generally formed to insure the risks of owners and related or affiliated third parties.

There are many risks that all businesses regularly face and informally self-insure.  It’s worth noting that businesses informally self-insure with after-tax dollars, meaning that a businesses’ “rainy day fund” is usually comprised of retained earnings that have already been taxed.  With a captive in place, businesses can formally insure risks not normally insured by third party insurers.