When recently explaining our new Bundled Captive Insurance Program to a successful business owner last week, and he exclaimed, “I love this…it’s like getting a 40 percent rebate on all the money I spend on insurance!”
I hadn’t really thought of it that way, but he was right. It’s like a 40% savings program.
CIC Services’ exciting new bundled captive insurance program is making headlines.
The Captive Insurance Companies Association (CICA) is the largest domicile-neutral captive insurance association globally. This year’s CICA conference was held in March 2019 in Tucson, Arizona. Not surprisingly, one of the hot topics of the conference was small captive insurance companies What is a Captive?, including those that make an 831(b) tax election.
CIC Services is excited to introduce a new captive insurance program that will help business owners hold onto a real bundle of profit. This program opens the door to captive ownership for companies that would otherwise not be large enough to consider replacing their commercial insurance through a captive. Designed with the small and middle market businesses in mind, the CICS Bundled Program allows an insured business to reinsure their current commercial insurance premiums to a captive insurance company owned by the business or business owner. The business or business owner can retain up to 40% of the premium/risk and retain their existing insurance broker without sacrificing coverage.