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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.
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 […]
Sean King, Founding Principal and In House Counsel for CIC Services, sits down with Captive International for an interview on the industry-wide impact resulting from the organization’s recent Supreme Court victory over the IRS. The unanimous court decision “definitively ended the IRS’s extreme interpretation of tax exceptionalism”, according to Sean King, founding principal and in-house […]
In the most recent issue of Captive International, CICS’s Sean King and Jayna Patel share how a captive insurance program helped save clients from going out of business due to loss related to COVID-19. Captives delivered when they were most needed, and this is unmistakable proof that captives are vital to businesses, employees, jobs, the […]
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.
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 […]
Sean King, Founding Principal and In House Counsel for CIC Services, sits down with Captive International for an interview on the industry-wide impact resulting from the organization’s recent Supreme Court victory over the IRS. The unanimous court decision “definitively ended the IRS’s extreme interpretation of tax exceptionalism”, according to Sean King, founding principal and in-house […]
In the most recent issue of Captive International, CICS’s Sean King and Jayna Patel share how a captive insurance program helped save clients from going out of business due to loss related to COVID-19. Captives delivered when they were most needed, and this is unmistakable proof that captives are vital to businesses, employees, jobs, the […]
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.