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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.
On September 22, Chris Gallo, Managing Director at CIC Services and Chris Jackson, Partner at Marcum, led a special webinar hosted by the Connecticut Captive Insurance Association (CTCIA) on construction risk and captive insurance companies. This was part of CTCIA’s “Captive 101” webinar events, and the session included an overview of captive insurance, the pros and […]
CIC Services has appointed Noah Miller as risk management consultant, as announced in a recent article published in Captive Insurance Times. “I am looking forward to my time at this successful firm and working with their clients. CIC Services recognises the individual goals and needs of each client and has provided superior expertise, and I […]
Sean King, president of CIC Services, recently spoke at the North Carolina Captive Insurance Association (NCCIA) annual conference about the recent battle with the IRS over micro-captive transactions. Captive International covered the presentation in a recent article quoting NCCIA founding member Alex Webb, “The discussion on the IRS vs CIC court case ruling has been […]
CIC Services has been nominated for Middle-Market Captive Manager of the Year by US Captive Review and is one of only six firms across the country to be nominated. CIC Services and the other contenders were selected based on their leadership in revenue, client numbers, service offering, client satisfaction, implementation of technology, accessibility for clients, […]
There are a variety of ways that environmental exposures can impact your business’s bottom line, and our research shows that less than 15% of businesses are properly protected against these risks. In this Business Partner Magazine article, Chris Bunbury and Tim Welles cover how EnviroCap can mitigate risk while cutting up to 50 percent of […]
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.
On September 22, Chris Gallo, Managing Director at CIC Services and Chris Jackson, Partner at Marcum, led a special webinar hosted by the Connecticut Captive Insurance Association (CTCIA) on construction risk and captive insurance companies. This was part of CTCIA’s “Captive 101” webinar events, and the session included an overview of captive insurance, the pros and […]
CIC Services has appointed Noah Miller as risk management consultant, as announced in a recent article published in Captive Insurance Times. “I am looking forward to my time at this successful firm and working with their clients. CIC Services recognises the individual goals and needs of each client and has provided superior expertise, and I […]
Sean King, president of CIC Services, recently spoke at the North Carolina Captive Insurance Association (NCCIA) annual conference about the recent battle with the IRS over micro-captive transactions. Captive International covered the presentation in a recent article quoting NCCIA founding member Alex Webb, “The discussion on the IRS vs CIC court case ruling has been […]
CIC Services has been nominated for Middle-Market Captive Manager of the Year by US Captive Review and is one of only six firms across the country to be nominated. CIC Services and the other contenders were selected based on their leadership in revenue, client numbers, service offering, client satisfaction, implementation of technology, accessibility for clients, […]
There are a variety of ways that environmental exposures can impact your business’s bottom line, and our research shows that less than 15% of businesses are properly protected against these risks. In this Business Partner Magazine article, Chris Bunbury and Tim Welles cover how EnviroCap can mitigate risk while cutting up to 50 percent of […]
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.