It’s quite disconcerting to “miss the boat,” so to speak. And, this adage is particularly true for many mid-market and small businesses that would benefit immensely from owning their own insurance company – known as a captive insurance company (CIC) – but have yet to embark on this powerful course to improve risk management and boost profits.
CIC Services recently attended the Risk Management Society (RIMS) Conference in
A changing economy, emergence of unique risks and political change made 2016 a particularly surprising year. This was the kind of year that highlighted the importance of unique approaches to risk management and risk financing. As a captive insurance company manager, CIC Services has been working on increasingly complex risk financing structures tailored to help small and mid-market clients meet the challenges of the twenty-first century.
To help meet these challenges, CIC Services continues to add top notch talent to its team. We are very pleased to announce that Ram Patel has joined CIC Services as a Captive Analyst, where he will
Originally published on April 18, 2017
It’s Tax Day, and millions of Americans are mailing checks to the U.S. Treasury. I thought about this as I talked with a successful business owner this Spring who is considering forming a captive insurance company to help lower total insurance costs and provide better risk management flexibility. He has been in business over twenty years and has seen competitors come and go. I asked him about some of the keys to survival and success, and I was surprised that “tax strategies” was
The Internal Revenue Service (IRS) would like us to believe that its enforcement actions targeting captive insurance companies are intended to penalize the industry’s “bad actors.” But…is that really the Service’s objective? Or is it something more sinister?
Over the last many years the IRS used this “bad actor” logic to justify many unseemly things, including seizing the checking accounts of thousands of small businesses across the country who did nothing other