CIC Services’s new CICS Full Stack Captive Insurance Program is a game-changing program for both insured businesses and their insurance brokers.

With the CICS Full Stack Program, insured business/captive owners have the ability to retain anywhere from about 10% to 50% of their premiums and risk because we have designed this program to match rate, limits, and policy language for existing commercial insurance policies. Policies and certificates of insurance are issued by an A- or better rated carrier who also provides integrated reinsurance, protecting the captive insurance company and business owner from catastrophic loss.

Outside of the occasional claim payment, traditional insurance is typically a “sunk cost” for well-managed businesses. Once paid, premium payment is made, it is usually gone forever. In addition, commercial insurance rate increases, even when businesses have low or no claims, are also a cause for frustration. Businesses owners end up subsidizing the poor performance of the market with their good loss performance.

As the captive is wholly owned by the business owner, they also retain 100% of the underwriting profit (premiums received, fewer claims and expenses) significantly reducing the net cost of the businesses’ insurance program.