POLITICO article covers CIC Services vs. IRS
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
To read the full article, CLICK HERE.
Bernie Becker, a tax reporter at POLITICO, covers the decision of the Supreme Court of the United States to review the ruling made in CIC Services vs. IRS.
To read the full article, CLICK HERE.
As the energy sector grapples with the increasing risks of stranded assets amid tighter environmental regulations, captive insurance is emerging as a vital strategy for financial stability and supporting the transition to renewable energy. Captive insurance offers tailored solutions that traditional insurance cannot, helping companies manage complex risks and secure their future. To explore how […]
The recent article published by Bar & Restaurant News, “Serving Up Protection: Navigating Liquor Liability in the Bar and Restaurant Industry,” by Randy Sadler, Principal Chief Marketing Officer at CIC Services, discusses how running a restaurant or bar entails unique risks, particularly when serving alcohol. While alcohol sales can boost revenue, they also introduce significant […]
Captivating Thinking, Recent Headlines
The designation marks the third time and second consecutive year CIC Services has been chosen. CIC Services, LLC is proud to announce that it has been named Captive Manager of the Year (<$1bn GWP) for 2024 by Captive Review. This prestigious recognition marks the third time CIC Services has received this honor and the second […]
Businesses who implement ERM programs combined with a captive to plan for unforseen risks stand a better chance of surviving, and passing to the next generation.
Captive owners can leverage their ERM and captive programs to improve their negotiating ability when renewing their commercial insurance coverages.
Profitable captives will see their reserves grow over time to significant sums which can be utilized by their owners for retirement or other life cycle needs.
Insurance companies are the only entities allowed to expense projected future expense against current-year revenues (claim reserves). Small captives (premiums of $2.2M or less per year) may also elect to only be taxed on their investment income, potentially resulting in substantial tax savings for their owners.
Utilizing your captive to reduce or replace your commercial insurance coverage with policies issued by your captive allows you to capture insurance profits previously realized by the carriers.
Adding a captive and ERM program will result in a higher awareness and enhanced strategies for how your organization thinks about and plans for all risks.
The assets held by a properly organized and managed captive enjoy a very high degree of protection from both the business’ and business owner’s creditors.