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.
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 an Expense Reduction Expert, also known as a Cost Mitigation Strategist.
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.
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 hard financial decade to come.