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.
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 and the opportunities available through the creation of captive entities.