We at CIC Services have always considered ourselves to be champions of small and middle-market businesses. And for that reason, we have been working since 2005 to help small and middle-market companies protect and insure the businesses they have built by owning their own insurance companies.
CIC Services launched our Bundled Captive Insurance Program in early 2019, and it is helping successful mid-market companies with good loss control in place to reduce their net commercial insurance spend by up to 50%. But we have also noticed another interesting phenomenon. Enterprising brokers are using the Bundled Captive Insurance Program as a door opener to win away some of their competition’s best clients.
In his hit song, “The Gambler,” Kenny Rogers famously penned, “you’ve got to know when to hold ‘em and know when to fold ’em.” Small captive owners under audit appear to be facing a similar choice.
It seems the only thing more certain than death and taxes is the steady increase of health insurance costs. Can stampeding health insurance costs be contained?