Supreme Court to Review Split Sixth Circuit Decision
The National Law Review writes that the Supreme Court of the United States has decided to review the Sixth Circuit’s decision in CIC Services v. IRS.
To read the full article, CLICK HERE.
The National Law Review writes that the Supreme Court of the United States has decided to review the Sixth Circuit’s decision in CIC Services v. IRS.
To read the full article, CLICK HERE.
In the latest article, “On the Bright Side: Preparing Your Business For a More Active Sun” in Business Partner Magazine by CIC Services’s Randy Sadler, experts warn that the sun is expected to be the most active it has been in nearly a century, leading to potential risks for businesses. Solar flares and electromagnetic pulses […]
CIC Services is excited to announce that Leane A. Rafalko has joined the company as the Director of Captive Management. Rafalko brings extensive regulatory and private sector experience to the role, having worked as an audit manager at RH CPAs, a senior captive consultant at Hylant Global Captive Solutions, and spent over 20 years with […]
The article “Stayin’ Alive: How Private Practices Can Survive Regulatory Risk And Fines” by Randy Sadler, published in Medical Economics, provides valuable insights and strategies for private practice owners to protect their practices from regulatory risks and fines. With the increasing financial pressures and evolving regulations in the healthcare industry, Sadler emphasizes the importance of […]
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.