This almost sounds like an infomercial doesn’t it? But wait… there is more!
But, there really is more.
As a business grows and matures, its owners may look for additional means to grow revenue and boost business wealth. A common approach is to start or acquire an additional business that serves the core business. This is often described as vertical integration, and it is often effective because
Almost every business owner I speak with loathes worker’s comp insurance. Worker’s comp insurance costs are high and can go up significantly in the event of a claim or multiple claims. Also, workers comp can be a cost center that is heavily impacted by fraud and abuse.
As a captive manager serving small and mid-market businesses, we work with business owners who often choose to self-insure a portion of their workers
In addition to being a “game changer” for thousands of small and mid-market companies across the U.S., captive insurance also has a positive economic impact on states that domicile captives.
Tennessee and North Carolina insurance departments just published their latest economic impact reports, and
I remember looking at a beautiful older wooden building that looked wonderful from the outside. When I got closer and finally went inside, I realized that if the termites stopped holding hands, the entire structure would collapse. In fact, a good windstorm may have blown it down. For a lot of small and mid-market businesses, taxes can be a lot like those termites. The business looks normal and solid, but it has been weakened