“It’s hard enough to manage and pay for our own problems without being on the hook to pay for someone else’s problems.”
If this statement accurately describes your view of your employee benefits program, than a recent Revenue Ruling by the Internal Revenue Service (IRS) may be good news for you and your business.
How many captive insurance companies are too many?
Is the captive insurance industry growing too fast?
Some self-proclaimed experts are wringing their hands due to the growth of the captive industry.
The State of Delaware recently trumpeted the news that it has become the sixth largest captive insurance company (CIC) domicile in the world and the third largest captive domicile in the U.S. Delaware’s announcement is significant because it highlights the “domicile war” currently underway. The “domicile war” is great news for small and medium size business owners
Much has been made of the IRS’s recent interest in captive insurance companies (CICs) with some commentators suggesting that the service is engaging in an “audit sweep” of captives.
Whether there is such a sweep is still up in the air, but even if there is, it should be noted that such sweeps are not unusual. And, clients