Risk Management in the Digital Age by Treasury & Risk
CIC Services’ Randy Sadler discusses the challenges of risk management as technology changes rapidly. Read on to find out how to address impending risks associated with technological advances.
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Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
CIC Services’ Randy Sadler discusses the challenges of risk management as technology changes rapidly. Read on to find out how to address impending risks associated with technological advances.
Greenberg Traurig LLP reports for Lexology on the U.S. District Court for the Eastern District of Tennessee invalidating Notice 2016-66 for failing to comply with the Administrative Procedure Act (APA) in CIC Services, LLC v. IRS. They highlight how CIC Services asserts that the IRS must comply with the APA in identifying reportable transactions at […]
The National Law Review reports on the district court ruling on March 21, 2022, in favor of the taxpayer, by vacating Notice 2016-16 and ordering the IRS to return all documents and information produced under Notice 2016-66 to taxpayers and material advisors.
CIC Services’ Randy Sadler discusses the importance of family-owned businesses to the economy and workforce in this piece for Entrepreneur and how family-owned businesses have the most to lose. He then dives into the necessity of risk management strategies for small businesses.
In this Entrepreneur article, CIC Services’ Randy Sadler discusses the top considerations when developing a robust risk-management strategy. Using recent events like the global pandemic, a cargo ship blocking one of the world’s busiest trade routes, and a storm creating widespread power outages as examples of why business owners should be prepared for the unexpected.
Looking to read about ways we are serving the business community through the innovative use of captive insurance companies? If CIC Services is in the news, you’ll be able to read it here. Check out where we’ve made the most recent headlines below.
CIC Services’ Randy Sadler discusses the challenges of risk management as technology changes rapidly. Read on to find out how to address impending risks associated with technological advances.
Greenberg Traurig LLP reports for Lexology on the U.S. District Court for the Eastern District of Tennessee invalidating Notice 2016-66 for failing to comply with the Administrative Procedure Act (APA) in CIC Services, LLC v. IRS. They highlight how CIC Services asserts that the IRS must comply with the APA in identifying reportable transactions at […]
The National Law Review reports on the district court ruling on March 21, 2022, in favor of the taxpayer, by vacating Notice 2016-16 and ordering the IRS to return all documents and information produced under Notice 2016-66 to taxpayers and material advisors.
CIC Services’ Randy Sadler discusses the importance of family-owned businesses to the economy and workforce in this piece for Entrepreneur and how family-owned businesses have the most to lose. He then dives into the necessity of risk management strategies for small businesses.
In this Entrepreneur article, CIC Services’ Randy Sadler discusses the top considerations when developing a robust risk-management strategy. Using recent events like the global pandemic, a cargo ship blocking one of the world’s busiest trade routes, and a storm creating widespread power outages as examples of why business owners should be prepared for the unexpected.
Sign Up for the Captivating Thinking Newsletter
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.