Campaign spending in 2018 was the highest it has ever been, and the 2018 mid-term elections appear to have had mixed results with Democrats gaining control of the House while Republicans picked up seats in the Senate. Political change is inevitable, and few political parties have remained in power for extensive periods of time.
Whether you are happy with the 2018 election results or disappointed, U.S. history has demonstrated cycles of political change, and that political change inevitably impacts industry sectors, businesses, business owners and labor.
Regardless of the political party in power, there is almost no better way to navigate uncertainty than to help take control of your company’s financial future by owning a captive insurance company.
In almost every political cycle, insurance companies have ridden the waves of growth and weathered the storms of political and economic uncertainty and downturn. Insurance companies build up massive reserves, which explains why they often have some of the largest buildings in many city skylines. Insurance companies receive favorable tax treatment to help them build up those loss reserves. Thanks to Congress and States competing to license captive insurance companies, small and mid-market businesses can own their own insurance company and tap into the same strategies employed by large insurance companies.
CIC Services has been helping business owners establish and operate their own insurance companies since 2005. The election is over. Now is the time to help secure your company’s future!